FINANCIAL NEWS

Qatar to invest USD200m in Bulgaria

18 May 2012

(MENAFN) Qatar’s Prime Minister, Hamad Bin Jasim Bin Jabr Al Thani, stated that his country plans investments of USD200 million in Bulgaria, reported Arabian Business.

The prime minister said that the amount will be deposited in Bulgaria’s central bank, and will be allocated for investments in farms, establishing resort villages and setting up road projects.

On the other hand, the two sides inked a number of memorandums of understanding (MoUs) that cover several sectors, including farming, cattle-breeding, food trade, spa and tourism, real estate, mining, health and culture.

It is worth noting that by the end of 2012, Qatar hopes to launch a number of projects in Bulgaria.

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