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Golf Investment near Sofia

Source: The Sofia Echo
Published Date: 15 Feb 2006

Bulgaria has awarded a First Class Investor Certificate to the Katina Golf Resort project developed by Spains Ferry Group, the Economy and Energy Ministry said on February 3. The certificate was presented to Manual Ferry Sanchez, owner and manager of the Katina Sports Centre, by Economy and Energy Minister Roumen Ovcharov. Ferry Group will spend 219 million euro on building the golf resort. The size of the investment qualifies Ferry Group for administrative support for the implementation of the project. The resort will be built in the village of Katina, near Sofia. The complex is to incorporate a golf course, swimming pools, tennis courts, a hotel, residential buildings and retail outlets on a territory of 90 hectares.