Swiss to Invest 1.5 Billion Euros to Develop Suburb in Šibenik

Swiss company TFI Holding are to invest more than 1.5 billion euros in the Dalmatian town of Šibenik, reports HRT…

The new sub division will see apartments to house 2,500 people built, and will include everything from shops and cafes, to doctors, and a kindergarten. The expansion of the suburb Zablaće, which will also see a hotel and villas built, is not just intended for tourism, but as a permanent settlement. The Swiss are set to start construction of the development in Zablaće, which is situated 8km south of Šibenik, as soon as consent is issued from local government which is expected at the end of this year.