Serbia–United Arab Emirates relations

Serbian-Emirati relations

United Arab Emirates	Serbia

Serbian-Emirati relations are foreign relations between Serbia and the United Arab Emirates. Serbia, as part of Yugoslavia, established diplomatic relations with the United Arab Emirates in the first years of the state's independence (1971). Serbia also has a commercial section in Dubai. The United Arab Emirates are represented in Serbia by their embassy in Belgrade.

Emirati investments

• Air Serbia, national flag carrier and largest airline of Serbia: On August 1, 2013, Jat Airways and Etihad Airways entered strategic partnership, and under the agreement, Etihad acquired a 49% stake and management rights for a period of five years,^[1] while the Serbian government retain the remaining 51% and hold five of nine monitoring committee seats in the company.^[2] Jat Airways was reorganized and renamed to Air Serbia in October 2013 and launched its first inaugural flight under its new name on October 26, 2013, from Belgrade to Abu Dhabi.

• New "Belgrade On Water" (Beograd na vodi) or "City On Water" (Grad na vodi)-project (2014-): A 180 m tall skyscraper (the "Belgrade tower") and a big shopping mall are to be built along the right side of the Sava river. 2,5 to 2,8 billion € are to be invested by the Serbian government and their Emirati partners.^[3]

• In March 2014, Serbian's minister of finance Lazar Kristic announced that the Department of Finance- Abu Dhabi (DoF) has signed a low-interest loan agreement with Serbia worth 1 billion $. In 2013, the United Arab Emirates have already granted a credit of 400 Mio. $ to Serbia, which had difficulties to allocate European credits for its struggling financial situation. Substantial investments in Serbian's defense-related and semi-conductor industries set stage for large-scale international cooperations between the two countries.^[4][5]

See also

• Foreign relations of Serbia
• Foreign relations of the United Arab Emirates

References

External links

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