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Bulgaria Real Estate Aims at Impressing Kuwait Investors

Date: 25.05.2009

Bulgaria is participating in the international exhibit Investments and Real Estate 2009 in Kuwait with its own exhibit pavilion.

The news was reported by Bulgaria's Foreign Ministry.

The pavilion was officially opened by the Bulgarian Ambassador to Kuwait, Ilko Shivachev, and the Undersecretary of the Kuwait Ministry of Commerce and Industry, Rashid Al-Tabtabaei.

The expo is organized by the Kuwait Ministry of Commerce and the Kuwait International Fair. Its launch was honored by the Kuwait ruling family, many businessmen, and Kuwaiti journalists.

Kuwaiti investors have shown increased interest towards Bulgaria despite the global financial crisis, due to the good reputation of the country's tourism and the attractive real estate prices, according to Bulgaria's Foreign Ministry.

Kuwait has invested over USD 20 M in Bulgarian properties in 2008.

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