During a meeting in Riyadh of the Bulgarian delegation with the Chairman of the tourism and national heritage, the Saudi Prince Sultan bin Salman bin Abdulaziz al-Saud, it was announced intention of Saudi Arabia to invest in five-star hotels on the black sea coast of Bulgaria.
Following the meeting, the heads of tourism ministries of the two countries, the sides agreed to promote initiatives for the promotion of cultural and historical objects. Saudi Arabia and Bulgaria shared their experience in the field of marketing and advertising tourism and decided to create a bilateral working groups in the field of tourism.
As noted Saudi diplomat, Saudi Arabia is considering the possibility of investing in high technology, robotics, tourism and agriculture in Bulgaria. For the implementation of these projects will be considered opportunities of use of the Fund public investment.
The Saudi public investment Fund may become the largest investment Fund with total assets of 2 trillion dollars. Since 2014 the government of Saudi Arabia allowed to use the resources of the Fund for investment in overseas projects.
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