Serbia's Economy Ministry said it signed a memorandum on understanding with the German 'MTU Aero Engines' company, a leading firm in maintenance of the 'Airbus A 320' plane V2500 engine, the FoNet news agency reported on Tuesday.
Goran Knezevic, Economy Minister, signed the memorandum on behalf of Belgrade, with company's member of the Executive Board Michael Schreyögg.
Aleksandar Vucic, Serbia's President, who witnessed the signing, said it was "a great project for Serbia's new technological life."
Vucic said Serbia's chances to bring Mercedes into the country were small, but that Belgrade was still fighting for that investment since, as he said, Serbia offered the best conditions.
MTU Aero Engines headquartered in Munich has a business in 15 countries around the world. It employs 10,000 workers and has a yearly revenue of 4.6 billion Euros.
Schreyögg added MTU was among the first five aircraft motors' producers and the first in maintaining them with 700 clients around the world.
He said Serbia would be a centre for aeroplane motors' repairment and that the company would buy land for the purpose in summer, praising the investment climate and highly skilled workforce in the country which made MTU choose Serbia for the investment.
Vucic announced an agreement on a company's investment in the vicinity of Belgrade, most probably in the northern town of Pazova, would be signed in June.