Bulgaria-Registered Qatar Management Agency Buys Property worth BGN 4.85 in Varna

Business | June 16, 2015, Tuesday // 12:17| Views: | Comments: 0
Bulgaria: Bulgaria-Registered Qatar Management Agency Buys Property worth BGN 4.85 in Varna

Bulgaria-registered Qatar Management Agency EOOD bought industrial and agricultural property worth over BGN 4.85 M in the district of Varna in end-May.

Qatar Management Agency EOOD was registered in 2008.

The CEO of the company is Sheikh Mohamed Jassim Al-Thani.

Qatar Management Agency EOOD is a member of the Qatar Management Group, one of the leading business conglomerates in the State of Qatar, according to the website of the company.

In 2010 Qatar declared that it was interested in Bulgarian lamb, according to reports of Capital daily.

Two years later, the expression of interest was backed by a deposit of USD 50 M in the Bulgarian Development Bank.

However, the Bulgarian administration took too long to offer an option for exports and the deadline of the deposit expired and the money returned to Qatar.

Meanwhile, two companies, a Bulgarian one and a Qatari one, decided to launch their own project.

In end-2013, a joint venture called BULGARIA – QATAR AGRICULTURAL COMPANY OOD was established between Qatar Management Agency EOOD and Smolyan-based Teksima Trading EOOD.

By mid-2014, or six months after its establishment, the Bulgarian-Qatari joint venture had exported 10 000 lambs.

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