09.10.2007 FIRST SOD OF THE SUPER BOROVETS PROJECT

A ceremony related to the turning of the first sod of the Super Borovets Project was held on October 8th in the area of Pashenitsa, near the town of Samokov. The ceremony was attended by Sergey Stanishev, Ahmed Dogan, Georgi Krumov, Varit Mubarak Said Al Harousi, Professor Stoyan Denchev, by MPs and representatives of ministries and the community of the town of Samokov. The Super Borovets Project aims at turning the existing Borovets ski resort into a modern ski region with world-class ski runs and leading market position in Eastern Europe with potential for becoming a year-round resort destination.

The project consists of the building and development of modern five-star hotels in the Rila Mountain and of the related infrastructure, of 40 km of new ski runs, ski-lifts and maintenance systems, as well as of various sports and amusement facilities. Super Borovets is designed in accordance with the trends in the European tourism demand and will be fully conformable to the most recent European ecological requirements. This is why its realization will increase the competitive power of Bulgaria’s supply of winter tourist services and winter holiday properties in the region of Central and Eastern Europe.

Partners in the Rila-Samokov 2004 AD – the company which is developing the Super Borovets Project – are Borovets Investment EAD with a share of 67% which includes Equest Balkans Ltd and the State Fund of the Sultanate of Oman, the Municipality of Samokov (with 25%) and Glavbolgarstroy (with 8%). The project has all the necessary permits for the commencing of the first phase.

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