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Bulgaria govt backs 194 mln euro coastal golf complex
InvestBulgaria, the local investment promotion authority, Tuesday granted a First Class Investor certificate to locally registered Cabland for its 194 mln euro golf development in the coastal city of Kableshkovo, near Pomorie.
The government undertakes to assist the investor in obtaining the necessary construction and otherwise permits.
Cabland, a joint venture between the Pomorie municipality and NGB Consulting, plans to complete the golf complex in 7 years.
The development, financed by Black Sea Golf & Country Club, will sprawl on 190 ha of land and will boast a 4-star hotel, tennis grounds, swimming pools as well as golf and tennis schools.
The project will create over 3,000 jobs during the construction stage and 800 permanent jobs after completion.
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