Serbia’s Vucic Promises U.A.E.’s Billions in Election Bid - Bloomberg:
"Aleksandar Vucic, the favorite to become Serbian prime minister after elections this month, is campaigning as the candidate who can bring home investment from the United Arab Emirates, including a $4 billion plan to redevelop Belgrade’s waterfront.
The former nationalist, known in the 1990s for his anti-Muslim rhetoric, is stressing his ties with the Persian Gulf nation’s business and political leaders as a source of investment ahead of the March 16 ballot. Critics say there’s little information about what lies behind the deals.
The project in the Serbian capital, known as Belgrade on Water, would be the biggest development in the country’s history, capped by a tower modeled on Dubai’s Burj Khalifa skyscraper. The price tag is more than six times last year’s total foreign direct investment and 138 times the 2013 tally from the U.A.E. In addition, the 44-year-old deputy prime minister and Progressive Party leader has announced another $8 billion of U.A.E. investments and loans in the past 12 months."
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