Palić waits for investors - 126m EUR required for development of tourist facilities

(Erika Kudlik)

On the location of the former military complex in Subotica, Municipality plans construction of industrial and technological park whose infrastructural equipping should be completed and ready for investors prior to mid-2008. As Erika Kudlik, coordinator in the Office for Local Economic Development of Town hall of Subotica, said, the investors will be first offered 21 ha of land, as well as numerous reliefs for payment of municipal fees, which can be lowered up to 35% depending on the size of the investment and number of employed workers.

- Purchase of land from the army is in progress. The web site of the City Planning Institute contains presentations of 19 sites that are suitable for greenfield and brownfield investments, but there are much more. Every query leads to individual market research and every investor has large support and help from the municipality in the resolving of administrative issues – Erika Kudlik points out and adds that Palić also has great investment potential.

As Kudlik points out, Town Hall of Subotica has designed the Master plan for development of tourism, which creates various opportunities for investors. About 620 ha of land are offered to the investors for construction of wellness centers, golf courses, congress halls, aqua parks whose total value is about 126m EUR.

- I honestly hope that Palić will shine with all of its beauty in five or six years. However, that does not depend on us, because the plan is that Palić will be built through some kind of public-private partnership, so that we need to be ready and wait for potential investors – Erika Kudlik explained.