Minister Angelkova discussed with Saudi Arabian businessmen opportunities for investment in Bulgaria

11 October 2018

The Minister of Tourism Nikolina Angelkova met in Riyadh with Abdulmohsen Alhokair, CEO of Abdulmohsen Al-Hokair Holding Group, and discussed the opportunities for investment in Bulgaria with the management team of the corporation. The talks were a part of her working visit here at the invitation of His Royal Highness Sultan bin Salman bin Abdulaziz Al Saud - Prince of the Kingdom and chairman of the Saudi Commission for Tourism and National Heritage.

Our country offers a very good partnership to businesses with its favorable tax system and economic incentives for big investors. The options for such projects in tourism are in different directions - hotel base and adjacent infrastructure for summer and winter vacations, thermal, spa and wellness centers, socialization of tourist sites, etc., Minister Angelkova announced. This potential is outlined in the Map of Investment Projects, which the Ministry of Tourism has created to encourage entrepreneurs.

The Minister expressed her satisfaction with the interest shown by Saudi Arabia in the construction and modernization of high-class sites on the Bulgarian Black Sea coast and in tourist areas within the country. She emphasized the potential of our big winter resorts - Bansko, Borovets and Pamporovo - which attract the attention of not only a growing number of foreign tourists but also of organizers of prestigious international ski competitions.

The hosts confirmed their appreciation of Bulgaria as a promising place for investment offering very good financial conditions. The management of the holding assured that this interest is intensifying in various economic spheres - tourism, food and beverage industry, drinking water and meat production, processing industries, etc.

The two delegations agreed to promote a mutually beneficial partnership with current advertising and marketing information as well as in the two countries’ participations in international business forums.

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