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29-06-14

Serbia redevelops Belgrade waterfront with USD4b Gulf cash

(MENAFN) Serbia plans to help redevelop the Belgrade waterfront in the UAE to attract more tourists to the country's capital in a scheme worth USD4.019 billion, according to Arab News. The project, which will be funded by the Gulf cash, will include office and luxury apartment blocks, eight hotels, a shopping mall and a tower. The project is expected to create more jobs and aims to turn Belgrade into a business hub for the Western Balkans. Prime Minister Aleksandar Vucic said: "It (the project) will make Belgrade a regional center and it will attract many tourists."