4929 - Galeria_single | MMPH

'Prishtina, 03.11.2014- A delegation of the Republic of Kosovo, composed of ministers of economy, met today with a high level fact-finding delegation of the United Arab Emirates, represented by the public and private sector, headed by the Chairman of the Department of Economic Development, Ali Majed Al Mansoori.

In this context, the Minister of Economic Development informed the UAE delegation on economic resources of the country and its geographical position in Eastern Europe, which provides many opportunities as a crossroads of economic circulation, and invited them to invest in Kosovo.

The Minister also stated that in terms of mineral resources, Kosovo is ranked fifth in the world with its lignite reserves, which plans to use it to ensure a secure energy supply, with resources for renewable Energy are also identified, including about 70 sites for hydropower, while feed-in tariffs for solar, wind and biomass are defined.

Ismajli said that Kosovo has also mineral resources, and there are currently 18 mines which are very rich in lead, zinc, chromium, magnesium, etc. which would be attractive for investment.

Another important area, according to Minister Ismajli, is the perspective of the country’s telecommunication and information technology. He said that investors from UAE in Kosovo can find a young population, educated to meet the needs of the market in this sector and new companies as partners for cooperation.

Finance Minister Beqaj informed the UAE delegation about the tax system in Kosovo, investment climate and legal framework. He informed them that Kosovo has already joined the World Bank, the European Bank for Reconstruction and Development, International Monetary Fund, etc.

Meanwhile, Minister of Infrastructure, Fehmi Mujota sought support for the construction of the highway Prishtina – Gjilan, connecting Kosovo with Serbia, the construction of the railway line between Kosovo and Albania, the railway line between Kosovo and Montenegro, with all these investments amounting to 550-700 million euros.

From his part, the Minister of Agriculture, Blerim Stavileci, said that the agricultural sector in recent years and has developed in many key areas where investment can be made; production, food processing industry, cultivation of fruits and vegetables, etc.