Prishtinë, 16.08.2013 (SETimes) – Foreign investment in Kosovo is on the rise, with experts citing the country’s young population, growing economy and natural resources as key factors.
Foreign direct investment in Kosovo increased by about 7 percent this year, compared to the same period last year. Most of Kosovo’s foreign investments come from the EU member-countries, with Germany leading the way.
Investments in the country are mainly in the construction, manufacturing, real estate and financial sectors.
The latest German investment is the construction of a real estate project called Sonnenterrassen in Peja, western Kosovo. The contract will cost 23 million euros and will be processed in several stages.
Hans-Martin Rüter, the founder of project developer Amia Energy, said that the Sonnenterrassen neighbourhood will include 145 townhouses, which will be built in the modern architecture style and combined with traditional elements.
“We will build modern townhouses with high quality materials and we will offer an environment full of light. … With modern architecture and elegant design, these houses will be incorporated perfectly with nature,” Ruter said.
The company plans to use natural building materials and the area will have permanent water supply from the Peja mountains, optional solar energy and heat from natural sources.
Sandra Elefant, the marketing director of Amia Energy, told SETimes that the company has been considering further investments in Kosovo.
“We expect, among other things, that Kosovo will enter the EU within the next 10 years, which makes this country very interesting to invest in. We are sure that it is worthwhile to invest in this country, since we promote and strengthen economic development with the investments,” she said.
German investments in the Gjakova municipality are concentrated in the fields of health care, energy efficiency, education, public lighting and agriculture, and total around 4.2 million euros.
“These investments have helped a lot in the creation of better conditions for the citizens and also helped the municipality to reduce power expenses,” Gjakova Mayor Pal Lekaj told SETimes.