Novi Pazar - The City of opportunities
Why invest in Novi Pazar?
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- The favorable geographical position
- Industrial center of the region
- Proximity of the markets of Montenegro, Macedonia, Bosnia and Herzegovina
- The release from local utility taxes
- Skilled workforce
- Long tradition in light industry
- University Center
- Industrial Park
- By the decision of the Government of the Republic of Serbia, it was decided that the highway Belgrade - South Adriatic passes through the territory of Novi Pazar
- Export-oriented economy
- The potential for Brownfield and Greenfield investments
- Support of Regional Development Agency Sandzak - SEDA to potential investors
- State subsidies to start a business and invest in Novi Pazar
Potentials
Production of:
- finished products (apparel, footwear, furniture and food)
- semi-finished products
- products made from recycled materials (waste textile, leather, wood) for the famous trademark (loan jobs - production under the "foreign name")
Partnership for:
- Creation of plans and strategies for utilization of renewable sources (wind farms, biomass, solar and hydroelectric power plants etc.)
- The development of agriculture and organic food
- Utilities (disinfection, fumigation and pest control)
- Development of infrastructure and capital projects
- Economic development and employment
Industrial Park:
area of 45 hectares, located in the wider city zone along the highway Belgrade-Podgorica, has all the necessary infrastructure; offers a variety of opportunities for cooperation:
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The joint appearance on foreign markets:
- Agreement on free trade with Russia, Turkey, Kazakhstan and Belarus
- CEFTA members, free trade with the countries of Central Europe
- Free trade with the United States for certain types of products
- High-quality, young, skilled and cheap labor
- Labor force with high qualifications and an average age of 26 years
