Qatari Co. Launchs Its 1st Agricultural Project in Bulgaria "Bulagrian Qatari Agricultural Co.- BQA"
02/19/2014

The New Joint Company To Supply The Gulf And Middle East Regions With Live Stock; Lambs, Calves And Natural Granules

Online PR News – 19-February-2014 – Doha - Qatar – Doha- 23 January, 2014 - Qatar Management Agency, a new Doha-based firm focusing on investment in food, announced today its first food project in Bulgaria. The project involves commercial scale production of apples, as well as trading in other fruits, with wholly-owned operational facilities such as cold stores, packing and grading facilities.

Supported by Qatar Management Group, QMA business will look at helping companies, individuals, and even governments in the region, as they deal with increasing demand, limited supply and rising prices.

QMA individually realized the importance and potential for investment in the agricultural and live stock breeding sectors, the Bulgarian project is the first step towards forging more investment in the food sector as well as other sectors in Bulgaria.

Mohammad Jassim Al Thani, Chairman of QMG, said: "Agriculture has truly become an asset class, with many funds and high profile, successful investors already active in it across the globe".

"I am delighted to have this agricultural investment as the inaugural deal for our Firm. This comes in response to the need for food security in the Gulf region and the increasing demand for food globally. The Bulgarian venture will capitalise on this current trend and the opportunities we offer in this sector."

The Fast growing Qatar Management Agency starts development of its activities in the Bulgarian market. Together with the Bulgarian Texima Trading Ltd. they established joint company "Bulgarian – Qatar Agricultural Company". The new company is a promising partnership between the Bulgarian an Qatari sides . Main activities of the company are purchasing , fattening and sales of livestock- lambs and calves, intended for all world markets and the manufacture of feed for their own needs and sale to third sides. Officially the company hated the inauguration of its acitivities at Sheraton Al Balkan Hotel, in the Bulgarian capital on 22nd of January 2014 with the presene of the Qatari Ambassador, "Mohammed Aly Al Nuaimi", Iraqi Ambassador, Libya Ambassador, Korea Ambassador and the deputy ministers of the Bulgarian Government.

Investments in BQA started with €3 million . When fully developed, the project will have cost around €5 million to produce live stock Calves and lambs specially and naturally fed with pure natural granules to suit the MENA region consumers taste.

Yanko Pashov, the Bulgarian managing partner of BQA said, " The successful development of the joint venture Bulgaria-Qatar Agricultural Company will contribute for achievement of social and economy growth in our two beautiful countries – State of Qatar and Republic of Bulgaria.

We sincerely are hoping that our joint company and the loyal relationship with our partners – Qatar Management Agency, which we implemented and we will continue to enrich and develop, will be a good example for future followers of our two countries. He added.