The municipality is in the process of selling three hectares of land in an industrial zone valued at EUR 168,000. Bidding is open until 26 July.

Turnišče Mayor Borut Horvat told the STA that a company looking for a car production location for a foreign investor is interested in the plot.

While refusing to reveal the company's name, Horvat said the municipality had been in talks with them for three months and had signed a memorandum of understanding. The investor has an Egyptian and a Slovenian director.

The memorandum stipulates that the investor must request a building permit within a year after the municipality has rezoned the land for industrial use and start construction within a year after getting the permit.

If the conditions are not realised, the municipality will regain ownership of the land, according to Horvat.