Investment Database Municipality Investment opportunity / project name Investment description The City of Zajecar Construction of a hotel complex

around thermal water spring in Nikolicevo According to the project, hotel complex will be constructed around the thermal water spring at the area of 10 hectares. It is planned to Construction of a hotel at the area of 4.800 m encopassingwellness and spa center, sports fields, sports hall with a swimming pool and other water sports activities requisites including big aqua park. Spatial plan of local authority unit of the City of Zajecar is being developed.

Available Documents

Ownership status and The land planned for construction of the hotel complex in opportunity to rent or Nikolicevo covers an area of 10.38.82 ha and is mainly privately owned and used as farming land (about 85%). purchase The Municipality will help with parcelcs to be combined , and the land to be purchased from from private owners and change of land use . Estimated cost of investment Total cost of investment amounts to 4.500.000 and it includes the following elements: - Land - 500.000 (5/m2). - Infrastructure - 500.000. - Construction of a hotel - 2.900.000. - Indoor swimming-pool hall - 600.000 . Investment cost of aqua park will be evaluated after defining the area and dimensions of the swimming-pool, as well as other supporting facilities (diving boards, sliding boards, etc.) and it has not been calculated within the quoted total cost. There is the possibility of phase construction of the mentioned spa center construction over total area of 10 ha is not allowed, only part of the planned area could be constructed according to adequate action plan that will obey the planned dynamics of investment and the planned area. There is an asphalted road leading the location of future complex. There is no other infrastructure and infrastructure network will be constructed from the nearby village some 300 m away from the location. Location of the complex is 80 km away from the highway, 110 km away from the airport in Nis, 15 km away from the airport in Bor, 70 km away from the port in Prahovo, only 300 m from the main road, 7 km away from the town center, police and bus station, 5 km away from fire station, 7 km away from passengers railway station in Zajecar, 3 km away from water flow, only 7 km away from

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the hospital - Health Care Center. location / facility description Thermal water spring temperature is over 35 C. It is located by the newly constructed road between Zajecar and Bor at the outskirts of Nikolicevo village. Mineral water is rich in medicinal characteristics and in sulfur. The site is accessible but not constructed.

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. Thermal water springs in the village of Nikolicevo the City of Zajecar are 7 km away from Zajecar in the NorthEast. There are eight (8) thermal water springs at this location their total capacity is 0.45 liters per second and their temperature ranges from 19C to 28C. After drilling two deep holes a spring with a capacity of about 20 liters per second and the temperature of 35C was discovered.. Chemical composition of the water points to hydrocarbonated waters of sodium group. Thermo mineral water springs are an exceptional resource for investments into spa tourism. Strategic development plan of the Cty identifies tourism as one of great potentials of economic development. The City is recognized as a tourism center of the Region and destination favorable for tourism development. In favor of this, there is the fact that there is (at the territory of the City of Zajecar) the archaeological site Felix Romuliana listed at the UNESCO World Heritage List. It is visited by 50.000 tourists on average. City of Zajecar as a tourist City is annually visited by hundreds of domestic and foreign tourists. Over 100.000 overnight stays have been recorded. The City of Zajecar has a well skilledlabor to be employed in tourism. As a significant encouragement a new investment package has been prepared for investors into Zajecar by the Serbian Government. For standard-scale Greenfield and Brownfield projects in the manufacturing and exportrelated services sectors, non-refundable state funds are offered amounting to 10,000 per new job created in Zajecar recognized as an area of special interest for the Republic of Serbia. For the purpose of attractinig a large number of investors a Decison on City building land lease fee exemptions for a period of time deffined by number of new jobs created has been made by the City of Zajecar. Some additional incentives towards invetsors are allowed by the City depending on type and value of an investment.