Bosmal City Center Towers in May 2010
Coat of arms
Sarajevo City Location.png
|Country||Bosnia and Herzegovina|
|• Municipality president||Nedžad Koldžo (SDA)|
|• Total||9.9 km2 (3.8 sq mi)|
|• Density||6,949.7/km2 (18,000/sq mi)|
|Time zone||UTC+1 (CET)|
|• Summer (DST)||UTC+2 (CEST)|
|Area code(s)||+387 33|
Like Novi Grad, Novo Sarajevo is a product of the city's massive growth and development in the 1960s and 1970s. It is located in the middle of the Sarajevo field, predominantly on the northern bank of the Miljacka, between Novi Grad and Centar.
Prior to the siege, Novo Sarajevo had some 47.6 km² (41.6% Forest, 17.5% Meadows, 13.5% Commercial/Building Land, 10.4% Grass-land, 8.4% Ploghland, 13.5% Gardens). Following the Siege of Sarajevo, 75% of the lesser populated urban area was transferred to Republika Srpska (established as Istočno Novo Sarajevo), leaving Novo Sarajevo municipality with 11.43 km². As a result, Novo Sarajevo has the highest number of people per km², some 7524.
Novo Sarajevo is known as something of the commercial and business center of Sarajevo, housing many of the city's major companies and corporations such as Elektroprivreda Bosne i Hercegovine, the University of Sarajevo, UN house Bosnia and Herzegovina and also the HQ of Sparkasse Bank and the Raiffeisen Bank in Bosnia and Herzegovina.
Novo Sarajevo is considered to be the second most developed municipality in Federation of Bosnia and Herzegovina, boasting a per capita GDP of some 11,000 USD (275.2% of FBiH average GDP), just behind the municipality of Centar Sarajevo. These two municipalities combine for 60.9% of the Sarajevo Canton GDP, even though they account for merely 3.5% of the total area of Sarajevo Canton, and 27% of its population.
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