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Sep 07, 2023 12:54 EEST
September 7 (SeeNews) - Bosnia and Herzegovina-based company Nugo Holding plans to build a complex for tourist accommodation worth 300 million marka ($164.4 million/153.4 million euro) in Trebinje, the ministry of trade and tourism of the Serb Republic said.
The Lion Hill Village complex will encompass 2,020 residential units, as well as hotel, restaurant, shopping center, and dental and medical facilities, the ministry of trade and tourism of the Serb Republic said in a Facebook post on Wednesday.
The project will be implemented in three phases in a period of seven years.
Nugo Holding signed a deal with the entity's trade and tourism ministry to purchase land for the construction of the complex, the ministry added, without disclosing further details about the contract.
Nugo Holding is owned by Norway-based Brova Group, local news provider Ekapija reported on Thursday.
The Serb Republic is one of two autonomous entities that form Bosnia and Herzegovina. The other one is the Federation.
(1 euro = 1.95583 marka)
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