In 2019, the Financial Times put Serbia first on the list of countries with the highest amount of foreign direct investments relative to the GDP in the world, with an index of 11.92 points, which is 1.33 index points more than a year before. The country attracted 107 FDI projects in 2018, which is 26 more than in 2017, a growth of nearly one third.
Car components, food and tobacco, textile and real estate were the leading sectors. Together, they made up 54% of the total foreign investments.
Last year, there was a lot of talk about the opening of Volkswagen factories in Serbia and the countries of the region. Although the investment has not been confirmed, other German investments did arrive to Serbia and proved to be very popular among our readers.
We present the projects that marked the industry sector in 2019, attracting the most public attention.Tafe factory of IMT tractors Jarkovac
The symbol of the Serbian farming mechanization, IMT, is now owned by the Indian group Tafe, which produces 150,000 tractors a year and which has announced that the production of IMT tractors at the factory in Jarkovac near Zrenjanin should begin in early 2020
The tractor components are coming from India for the time being, and once the facility is modernized, it will assemble Tafe tractors of 80 to 100 horsepower
.Shandong Linglong tire factory Zrenjanin
The foundation stone for the construction of the Chinese factory Shandong Linglong, which will produce 13 million tires a year, according to the announcements, was laid down on March 30 in Zrenjanin. As announced, the factory will employ 1,200 workers, and EUR 800 million is to be invested in it