Sultan of Oman Buys Super Borovets
The state fund of Oman acquired a 33.5-percent-stake in the project
His Majesty Sultan Qaboos bin Said of Oman is going to participate in the construction of a luxurious winter resort called Super Borovets in Bulgaria. The State Fund of Oman has bought a 33.5-percent-stake in the project from the Rila Borovets 2004 venture. The British investment fund Equest acquired 33.5-percent stake in the Super Borovets project. The news was spread by Equest ...
Sultan of Oman Buys Super Borovets
The state fund of Oman acquired a 33.5-percent-stake in the project
His Majesty Sultan Qaboos bin Said of Oman is going to participate in the construction of a luxurious winter resort called Super Borovets in Bulgaria. The State Fund of Oman has bought a 33.5-percent-stake in the project from the Rila Borovets 2004 venture. The British investment fund Equest acquired 33.5-percent stake in the Super Borovets project. The news was spread by Equest managing partner Georgi Krumov and Stoyan Denchev, Honorary Consul of the Republic of Bulgaria in Oman. Representatives of His Majesty Sultan Qaboos bin Said visited Bulgaria about six months ago and started the negotiations with Glavbolgarstroy, which holds the majority share in Super Borovets. Two weeks ago a representative of the State Fund of Oman came to Sofia and the deal was finalized.
Apartments, hotels and retail centers with a total floorage of 653,815 sqm along with the duly infrastructure will be constructed under the Super Borovets Project; the existing forty-two kilometers of ski runs in the resort will be extended by another thirty-six kilometers.
The Super Borovets construction is expected to kick off in September this year and to be finished in 2012. The project will cost about 566 million euro.
no, not like bansko, mainly due to the fact that theres lots of 'national park' around and not so much land to build on. The magic triangle as we call it, ie the area where peters bar is on the corner up to what was senor frogs round past blue etc, that whole area is earmarked for the wrecking ball and will be redeveloped. it sounds a lot of development but a lot of the new hotels will be out of the resort as its known now on the road to Dolny Banya, so all in the lid shoudl be kept on a ...
no, not like bansko, mainly due to the fact that theres lots of 'national park' around and not so much land to build on. The magic triangle as we call it, ie the area where peters bar is on the corner up to what was senor frogs round past blue etc, that whole area is earmarked for the wrecking ball and will be redeveloped. it sounds a lot of development but a lot of the new hotels will be out of the resort as its known now on the road to Dolny Banya, so all in the lid shoudl be kept on a builing explosion.