Investment locations maping: Kikinda city case study

Abstract

Investing is a prerequisite for construction and development in transitional country, such as Serbia. Foreign direct investment (FDI), which besides capital brings modern management and technology, is particularly important. Various regions and many cities are competing to attract investment, predominantly FDI, in Serbia these days. The City of Kikinda, located in the North Banat district, in Vojvodina - autonomous province of Serbia, participates in this match. Landlocked Serbia, satisfactory linked with neighbouring countries, has free trade agreements and low operation costs. In addition, the Kikinda City, close to the borders with Romania and Hungary, has attractive greenfield and brownfield locations for investment. The City of Kikinda has assigned the Public Company “Kikinda” (PCK) to make a map of locations suitable for investment. This paper presents: the Map of Locations for Investment in the City of Kikinda, named shortly: Kikinda Investment Map (KIM). The PCK has gathered information from a large number of stakeholders, both public and private, and has analysed these data to make estimates and valuations regarding investment locations. The mapping is concentrated on both greenfield and brownfield locations. The KIM displays 7 categories of locations, which are: infrastructure, industry, agriculture, administration, housing, culture, and tourism. Geographic data, urban parameters and planning documents are given for mapped investment locations in Kikinda. The Republic Geodetic Authority of Serbia has, as a pilot project, incorporated the KIM into its system the National Geospatial Data Infrastructure (NGDI) and published it on the website (www.geosrbija.rs). Locations suitable for investment in the City of Kikinda are, with the help of the NIGP, pioneering published in the map of Serbia