Banja Luka: Srpska is selling land for a tourist complex worth 300 million BAM

Denis Šulić, Minister of Trade and Tourism of the Republic of Srpska, and Jovan Andrić, director of the company “Nugo Holding”, will sign today in Banja Luka the Agreement on the sale of land for the realization of “Lion Hill Village Trebinje”.

The value of this land, as previously announced by the Government of the Republic of Srpska, is 964,870.24 BAM and it is located at the Gorica 2 location in Trebinje.

When it comes to the project “Lion Hill Village”, representatives of the company “Nugo Holding” said that its total value is 300 million BAM.

“According to the submitted project, the ‘Lion Hill Village’ complex will include the construction of a residential and commercial building with 2,020 residential tourism units, and the project is planned to be implemented in three phases over seven years. The project includes the construction of a commercial and residential complex, a hotel, restaurant, shopping centre, dental and medical facilities,” the Ministry of Trade and Tourism stated earlier.

The company “Nugo Holding” Trebinje operates as part of the company Brova Holding from Norway, whose founders are members of the Andrić family originally from Trebinje.

Milorad Dodik, President of the Republic of  Srpska and Savo Minić, Minister of Agriculture, Forestry and Water Management will attend the signing of the contract.