July 17 (SeeNews) - Bulgarian real estate investment company Historical Park said on Tuesday it is investing 50 million euro ($58.7 million) in the construction of a theme park near the coastal city of Varna.
The first stage of the project is already under construction, while the whole park is expected to be completed by 2022, Historical Park said in a statement.
The theme park will spread on 13 hectares, the company said.
The project will be financed through equity investments by local and foreign investors, Miroslav Ivanov, Historical Park's public relations manager, told SeeNews.
The park is hoping to attract interest from tourists visiting Bulgaria's Black Sea coast.
Varna-based Historical Park has a registered capital of 1 million levs, according to data from Bulgaria's commercial register.
($ = 0.8517 euro)