(ANSA) - BELGRADE, JUNE 24 - Serbia's president Aleksandar Vucic announced the launch by the end of the year of a new and huge investment cycle ranging between 5 and 10 billion euros, aiming to support and accelerate the country's development and progress. Vucic underlined that this is going to be the largest investment program ever in Serbia, and specified that the plan could be completed within 4-5 years. "We have finally the opportunity to carry it out", the president said yesterday during his visit to 'Belgrade on the water', a large urban project funded by Arab capitals, including a new residential neighborhood on the Sava shores, made up of futuristic buildings, green areas, cutting-edge services. The new investment, the president said, will mainly support the construction of infrastructure projects, roads, highways, railways, undergrounds, in order to fill the gap in the connection of Serbia to Western Europe, something that will favor an economic growth by 5% -6%, creating at the same time new jobs. The objective, Vucic added, is also to bring major international brands to Serbia and Belgrade in order to attract more tourists, especially from Asia. "Among other things, we are now negotiating with Louis Vuitton, Prada, Gucci". (ANSA).