February 18 (SeeNews) - Bulgarian-Israeli joint venture MD Investment will build a 16 million euro ($20.12 million) food and electronics retail centre in Bulgaria’s second largest city of Plovdiv, a company official said on Wednesday.
Bulgarian construction firm Yazov holds a 50% stake in MD Investment, Yazov financial director Miroslav Yazov told SeeNews.
The design work should be completed by September with construction expected to wrap up in 2011. The one-floor retail centre will be built on a 3.7 hectare site on the Plovdiv ring road.
Yazov, established in 1991, is active in construction and trade in construction materials. The company is currently developing one residential scheme and one mixed-use residential/office project worth a combined 82 million euro in Plovdiv.
($=0.7948 euro)