On Friday 20th of May 2022, the chairman of Park Group Dubai, Mr. Iftikhar Yousuf, hosted representatives of FIPA (Foreign Investment Promotion Agency of Bosnia and Herzegovina) in his office in Sarajevo.
Mr. Yousuf presented his company’s ongoing projects and intentions related to future investment in Bosnia and Herzegovina.
The meetings were focused on the investment potential in Bosnia and its presentation to foreign business people, but also some significant obstacles to business development and ways to overcome those obstacles. Yousuf asked for more support from the government for all investors who intend to come and bring their companies’ businesses to Bosnia and to speed up slow bureaucratic procedures that make their work more difficult.
FIPA representatives expressed their readiness and willingness to help as much as possible on their part and to use their efforts to influence the authoritatives in the government to resolve all obstacles encountered by foreign investors as soon as possible and also facilitate procedures for all other foreign firms wanting to come and bring their businesses to Bosnia.
The Council of Ministers of Bosnia and Herzegovina has mandated the Foreign Investment Promotion Agency to facilitate and support foreign direct investment. The Agency offers practical assistance in dealing with government institutions by working directly with investors and, more structurally, by assisting the government in improving the legal framework for foreign investments. FIPA also helps investors in developing contacts with the public and private sectors.