Abu Dhabi with an interest in financing the Formula 1 track in Bulgaria
Within four months the government made a second attempt to attract Arab investment to build a Formula 1 track near Sofia.
Once approved unclear fate of the end of April a draft memorandum with Qatar now hopes to build a facility to be awarded a joint venture between state companies from Bulgaria and Abu Dhabi.
Minister of Economy and Traicho Traikov of Abu Dhabi Sheikh Mohammed Abdul al Blyuki mourned yesterday signed a memorandum of cooperation, which recorded the creation of mixed company, announced the Ministry of Economy.
Al Blyuki is president of the state company EABG (Emirates Associate Business Group).
Bulgaria will participate in joint venture with the kind contribution of land. The document provides for joint management of future year-round facility and event management in accordance with the calendar of world championship.
Yesterday the Ministry of Economy did not specify which state land will be contributed in the future company and in what state company will do this.
Later told Dnevnik chief architect Petar Dikov metropolitan clear that it is a land of former military airport Dobroslavci.
The terrain of 3200 acres already designated by the State as a place for future route as the land was estimated at 180 million.
Sheikh al Blyuki discussed with Prime Minister Boyko Borisov prospects Arab Emirates participation in infrastructure projects in Bulgaria such as ports, highways and others.
Wash and the Bulgarian Investment Agency will provide information on partnership in various spheres of economy, infrastructure, agriculture, high technology, real estate and more., Informs the press center of the economic department.
EABG e established in 2001 as a holding company that manages established over 20 years private companies from various spheres - communications, systems integration, supplies of oil and gas, software and hardware, cargo trade, production of refrigeration and air conditioning equipment, ceramics, sanitary equipment, kitchen equipment, building materials, food, catering, real estate and others.
Stokoobmenat between Bulgaria and the UAE in 2009 was worth 80.4 million dollars as the balance is positive for our country. Commodity structure of trade contacts, however, is less diversified. According to preliminary data of BNB in 2009, Emirates is investing in our 1.4 million.
Published on 2012-01-10 16:48:23
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