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Serbia Seeks Arab Investment After $36 Million Kuwaiti Loan

Dec. 11 (Bloomberg) -- Serbia will ask state-owned investment funds in Kuwait, United Arab Emirates and Saudi Arabia to help finance infrastructure projects.

The list of projects will be prepared for a meeting with potential investors in Kuwait in April, the government said in an e-mailed statement today.

Kuwait Fund for Arab Economic Development agreed yesterday to lend 10 million Kuwaiti dinars ($35.5 million) to Serbia’s state rail company to complete a new railway station in Belgrade. The 18-year loan, including a four-year grace period, carries a 3 percent interest rate.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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