The multifunctional complex REM, an investment worth nearly 40 million euros that includes a hotel, residential units and a shopping mall, was opened Wednesday in Tetovo. The investor RENOVA company is planning to open 250 new jobs.

The complex, built on an area of 60.000 square meters, includes a shopping mall, a five-star 12-storey hotel, panoramic restaurant, 146 apartments and 400 parking spaces.

The REM shopping mall was inaugurated today. Its owners announced that the hotel and residential units would be put into service in due time.

All economic policies conducted by the government and its coalition aim at such investments, according to Deputy PM for economic affairs Vladimir Pesevski.

"The investment is just another contribution to equal economic development in the country and the new jobs will help improve the situation both in the region and the country," Deputy PM stated.

RENOVA CEO Shefki Idrizi said by constructing the complex the company wanted to contribute to local and regional development.

"In times of global crisis, we have shown that we can manage such capital investments and projects. The multifunctional complex is what the citizens and the city of Tetovo needed," noted Idrizi.