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Qatar Investment Authority met with Serbian officials in Belgrade

by - Published: at 10:09 pm
Modified: Jun 26, 2013 at 10:09 pm
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BELGRADE – Serbia’s Minister of Finance and Economy Mladjan Dinkic talked on Wednesday with officials of the Qatar Investment Authority about prospects for investing into Serbia, the ministry announced.

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Qatar’s delegation, which was headed by Sheikh Faisal Saud al-Thani, showed interest in projects in the fields of agriculture, food production, energy, mining and infrastructure.

Dinkic informed Qatar’s delegation about Serbia’s strategic plans for economic growth and presented concrete proposals and investment opportunities.

The officials agreed that businessmen of the two countries should step up contacts, which would contribute to bolstering trade between Serbia and Qatar, the release reads.

Serbian Energy Minister Zorana Mihajlovic met with representatives of Qatar Holding, a subsidiary of the Qatar Investment Authority (QIA), and the talks focused on opportunities forinvestment in Serbia’s energy sector.

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Mihajlovic said that Serbia is a small country that is vulnerable in terms of energy supply at the moment, stressing that the Serbian government has made energy security a priority, the ministry has said in a release.

Assistant Energy Minister Petar Stanojevic and Ministerial Adviser Ljubomir Aksentijevic presented before the representatives of the Qatari delegation a number of projects of strategic importance, such as the construction of the Hydroelectric Power Plants Bistrica and Iron Gate 3.

Stanojevic also informed them about a gas interconnection project between Bulgaria and Serbia, which should be realized in the next three years, and a project to build an underground gas storage facility at Itebej, a village in northern Serbia.

Sheikh Faisal Saud Al-Thani presented the potentials of the QIA, pointing out that Qatar Holding is willing to invest in Serbia’s agriculture, food processing, mining and infrastructure.

Representatives of the Serbian Energy Ministry stressed that all the projects are of national interest and that Serbia’s future cooperation with Qatar will be based not just on the conclusion of a contract between two companies, but also on agreements between the two governments.

The parties agreed to intensify the communication and exchange of information, looking forward to developing a successful cooperation.

Mihajlovic and Sheikh Al-Thani agreed to organize a new meeting within the next thirty days.

Besides the Qatar Holding representatives, the Qatari delegation included a representative of Hassad Food, a major agriculture company, and a representative of the Qatar Electricity and Water Company (QEWC), according to the ministry release.

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