The United Arab Emirates has made the largest investment in Serbia in more than 30 years, potentially helping to lift the Balkans state out of a deep recession.
Serbian deputy prime minister Aleksandar Vucic said three deals signed with foreign minister Sheikh Abdullah bin Zayed would total US$220m by 2017, according to Serbian media.
Serbia's economy, which has struggled to recover from economic sanctions and damage to its infrastructure during the 1990s Balkan wars, has been in desperate need of foreign investment, particularly since the global financial crisis sent it into recession in 2009.
During a two-day visit to the UAE this week, Vucic said investment from the energy-rich Arab state would greatly assist Serbia to climb out of the red.
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