Russian investors to build outlet center in Bosnia's Trebinje worth over 5 mln euro


Russian investors are interested in building an outlet center in Bosnia's southernmost municipality of Trebinje worth between 10 million KM ($5.7 million/5.1 million euro) and 15 million KM, the municipal government said.

The municipal government has adopted a decision to sell some 60,000 sq m of land via a public auction to the investor for the project, it said in a statement on Friday.

The center should be the largest of its kind in this region of the Balkans, the government noted.

Last week, Bosnia's municipality of Ilijas announced on its website that it has signed a memorandum of understanding with investors from Kuwait for the construction of an outlet center on a 57,000 sq m plot.

The project will be implemented by Kuwait's MAKSAB management company. The center should house 97 stores, 63 villas and employ some 500 workers.

Trebinje is located in one of Bosnia's entities, Republika Srpska, while Ilijas lies in the other, Federation of BiH.

(1 euro=1.95583 KM)