If you decide to invest in our country, know that fiscal and monetary policy are harmonized and “work together” to preserve the necessary macroeconomic stability, Finance Minister Sinisa Mali told representatives of the State Investment Fund and the Committee for Economic Development of Bahrain at business meetings at the Palace of Serbia.
Mali confirmed that talks are underway on signing an Agreement on Avoidance of Double Taxation with Bahrain, as well as on an Agreement on Mutual Protection and Promotion of Investments, as well as an Agreement on Strategic Cooperation.
He emphasized that Serbia preserved macroeconomic stability and kept the level of public debt under control during the pandemic, as well as that within the investment plan “Serbia 2025”, the Government plans to invest 14 billion euros in infrastructure – roads, railways and environmental protection.
“In the last three years, we have been on the first and once on the second place of the Financial Times list in terms of the amount of foreign investments we have attracted, which tells you a lot about the attractiveness of the country, our tax policy, subsidies we offer to investors,” said Mali in the presentation for the representatives of Bahrain.
The executive director of the State Investment Fund of Bahrain, Khalid Omar Mohamed al Romaihi, said that the fund has assets worth 17.8 billion dollars and manages 65 companies from the real estate and tourism sectors, financial services, industrial production and agriculture.
“We are not food producers, farmers, that is not our expertise, but if land ownership can be combined with the issue of logistics and security of supply – we see an opportunity for cooperation with Serbia, and we know the experience of the United Arab Emirates in your country,” said Al Romaihi, stressing that food security for Bahrain is crucial.
According to the data of the Serbian Chamber of Commerce, the trade between Serbia and Bahrain last year was worth a total of 40.7 million dollars.
Business meetings in Belgrade were attended by 20 domestic companies in the field of agriculture, IT, logistics and telecommunications, N1 reports.
