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Serbia signs investment agreements with China's Shandong Linglong, Zijin - finmin

Serbia signs investment agreements with China's Shandong Linglong, Zijin - finmin Sinisa Mali. Author: GTC. License: All rights reserved

BELGRADE (Serbia), September 17 (SeeNews) - Serbia's government has signed investment agreements with Chinese groups Shandong Linglong and Zijin Mining Group, finance minister Sinisa Mali said on Monday.

The government signed an agreement for strategic partnership in state-run copper mining and smelting company RTB Bor with Zijin Mining Group and an agreement for the construction of a tyre factory in Zrenjanin with Shandong Linglong, Mali said in a video file posted on the website of Serbian news agency Tanjug.

An agreement was also signed with a partner of Shandong Linglong, which will also come to Zrenjanin, Mali added without giving a name.

The Serbian government said on Friday it approved a cooperation agreement with Chinese company Shandong provincial transportation group, without disclosing details. 

Earlier this month, Serbia's government said it picked Zijin Mining Group as a strategic partner in RTB Bor, in which the Chinese company will invest $1.26 billion (1.1 billion euro).

Shandong Linglong said in August it plans to invest $994.4 million in the construction of a tyre factory in Serbia's Zrenjanin Free Trade Zone. The construction of the factory is planned to officially start in April 2019 and will be carried out in three phases, with the last one to be completed in March 2025. 

($ = 0.85847 euro)

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