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Bulgaria and Qatar to Make Joint Venture for Investments

Date: 29.04.2010

Bulgaria's cabinet approved the Memorandum for cooperation between Bulgaria's Ministry of Economy, Energy, and Tourism and Qatar's Ministry of Business and Trade and proposed to Bulgaria's Parliament to ratify the Memorandum. The document was signed on March 23, 2010 during the official visit of Bulgaria's PM Boyko Borissov to Doha, the press-office of the Council of Ministers informed.

The Memorandum envisages that the Qatari investment service and National Company Industrial Zones EAD establish a joint venture with a capital of at least US$ 500 million. The task of the joint venture is to facilitate the investments in the fields of agriculture, real estate trade, tourism, the financial sector and other sectors suitable for investments.

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