BELGRADE – Serbian First Deputy Prime Minister Aleksandar Vucic said that famous world businessman Mohammad Ali Rashed Alabbar is willing to invest USD 3.1 billion in the project of City on Water.

City on Water

In an interview for the Belgrade-based weekly Novi Magazin, Vucic said that Ali Alabbar should visit Belgrade on January 12.

On this occasion, the Serbian authorities and the famous businessman will conduct talks about the investment in the City on Water project, Vucic said.

Mohammad Ali Rashed Alabbar is the director of the Emaar Properties company in Dubai, a global property developer and provider of premier lifestyles. Their most famous project is the impressive Burj Al Arab Tower.

The City on Water project, which implies a 1.5-1.6 kilometres long stretch along the river bank, was announced on December 12, 2013, during the visit of Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed Al Nahyan, to Serbia.