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The ski property project, known as Super Borovets, which is located in the beautiful Rila mountains, had its official opening ceremony last Monday after several years of delays. The large property investment project includes the areas of Samokov and Beli Iskar and also several locations near the Bugarian ski resort of Borovets. The Bulgarian PM Sergey Stanishev, former king Simeon Saxe-Coburg and the Omani prime minister Qaboos bin Said all attended the opening event. The Omani government is one if the main investors in the project.
The lower level of the project will be located 5km outside Samokov town at 1100m. This will be the cheapest part of the development. The second level is at the same height as the existing Borovets ski resort and will be located in the areas of Bialata Poliana and Shiroka Poliana just on the edge of the resort. The highest level is at 1800m and this will contain the most expensive ski properties. The investment will be implemented by the Rila Samokov 2004 AD company which was setup specifically for the project. This company owns 2,000,000 m2 of land in the Borovets ski resort area and plans to build several near villages with luxury accommodation. The new villages will be connected with 19 new ski pistes with a combined length of over 40 km. Several new ski lifts are planned to link the new ski apartments, ski chalets and hotels.
Originally the project was started in 2004 but the death of the then owner Emil Kyulev resulted in delays and disagreements between the shareholders. Recently the Uk investment fund Equest Balkan has purchased a 67% stake in the Borovets property development company Rila Samokov 2004 AD.