Bulgaria’s minister of economy, energy and tourism and the sheikh of Abu Dhabi signed the agreement for economical cooperation, announced the ministry. The sheikh is the president of ЕАBG (EmiratesAssociateBusinessGroup). Abu Dhabi is the biggest city, a capital of the United Arab Emirates.
The first project for mutual cooperation, which details will be further discussed, focuses on the opportunity for the construction of a trace for Formula 1 near Sofia city, as well as all relevant activities and improvements. For this purpose, a joint company will be established. The signed document envisages the joint all-year management of the future equipment and the organizations of events in accordance with the calendar of the World Championship. The sheikh also had an official meeting with Bulgaria’s Premier Mr. Borisov and they discussed all aspects of the participation of the Arab country in infrastructure projects in Bulgaria.

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