Bulgaria, Qatar Investment Authority Go for USD 500 M Joint Venture

Bulgarian government delegation (left) visited Qatar at the end of March 2010. Photo by BGNES

Bulgaria’s National Company “Industrial Zones” Jsc and the Qatar Investment Authority are going to set up a joint venture.

This has become clear after on Wednesday the Bulgarian Cabinet approved the Memorandum for Understanding singed between the Bulgarian Ministry of Economy, Energy, and Tourism and Qatar’s Ministry of Business and Trade on March 23, 2010, in Doha.

Thus, under the Memorandum, the Bulgarian National Company “Industrial Zones” and the Qatar Investment Authority will create a joint venture with a capital of at least BGN 500 M.

The new entity is expected to facilitate investments in the fields of agriculture, real estate, tourism, finance, and other sectors presenting appropriate opportunities.

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