Bulgaria Approves Joint Investment Venture with Qatar
Bulgaria's Parliament has approved the setting up of a joint venture between the Bulgarian "National Company Industrial Zones" and the Qatar Investment Authority.
The future joint venture of the state entities of Bulgaria and Qatar will have a capital of at least USD 500 M, with all of the money being provided by the Qatar Investment Authority.
The funds will be invested in Bulgarian agriculture, real estate, tourism, finance, and other attractive investment opportunities.
The document approved on Wednesday also provides for the establishment of joint ventures between the governments of Bulgaria and Qatar in various economic spheres, the Bulgarian Ministry of Economy, Energy, and Tourism announced.
The agreement for the setting up of the joint venture was made in March 2010 during a visit of a Bulgarian state delegation in Doha.
Bulgaria's National Company Industrial Zones is a state-owned entity set up in 2009 to develop industrial properties around the country and to attract foreign investment. At present, one of the most important projects of the state company is the future Bulgarian-Chinese industrial zone in Bozhurishte near Sofia.
- » Pensioners Account For 6% of Tourism Proceeds in Bulgaria
- » Sofia Municipality To Pay Over BGN 700,000 for Update of City Mobility Plan
- » 160 M Litres of Bulgarian Wine To Be Produced in 2016
- » Cyprus Eyes Bulgaria as Part of Plans to Transit Gas to Europe
- » Bulgarian Energy Commission Chairman: No Problems Expected Concerning EC Approval of NEC Loan
- » Banker Levon Hampartzoumian: Bulgaria's Economy Is in Good Shape at Macro Level