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Oman Invests USD 1 Billion in Super Borovets Project

Date: 10.02.2010

The Sultanate of Oman will invest over a billion US dollars in the development of Super Borovets. “The Sultan’s investment fund - State General Reserve Fund (SGRF) and a branch of the British Equest Investment Balkans Plc. will develop a ski resort for 800 million euro in Bulgaria,” a state official from Oman said, as quoted by Reuters. SGRF holds 40 % of the project and the other main investor is Equest, the state official reportedly explained. The resort which is situated at an hour’s drive from Sofia airport is expected to be completed in 2012.

SGRF took hold of the controlling package in Super Borovets project from Equest in the beginning of 2009. The grandiose design envisages enlargement of the resort with new hotels, ski runs, lift systems and a variety of sports and entertainment facilities.

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