UAE firm to build $2.6bn Bosnian resort

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UAE firm to build $2.6bn Bosnian resort

Buroj Property Development are planning to build a luxury resort on a mountain near Sarajevo, the capital of Bosnia and Herzegovina, at an investment of €2.3 billion ($2.6 billion), said a report.

The project will see the Dubai group construct villas, residential buildings, hotels and shopping malls, stated an AP news report.

The mountain ski resort used to be the venue for Winter Olympics about 30 years back, the report added.

The project would be the biggest foreign investment of this type in Bosnia, stated Ibro Berilo, the mayor of the municipality of Trnovo, after he signed a deal with Ismail Ahmed, the head of Buroj Property Development.

Ahmed told reporters he was impressed by the beauty of the Bjelasnica mountain area and that his company would be ready to start work at the end of the year.

The area of the mountains of Bjelasnica and Igman, some 20 km from Sarajevo, are locally famous for their fresh air and stunning views, the report added.

Source: Trade Arabia

More info: http://tinyurl.com/mbueta2

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.