With close to EUR 99 million, the Recovery and Resilience Facility supports a grant scheme for the provision of infrastructure in industrial parks.
The Industrial Park Madara Shumen is 100% owned by Madara AD - owner and operator of the park, established in May 2023.
The project proposal, financed with BGN 13.3 million from the Recovery and Resilience Plan covers the following activities:
Activity 1 - Rehabilitation and reconstruction of infrastructure leading to Madara Shumen Industrial Park, and
Activity 2 - Construction and reconstruction of internal technical infrastructure of Madara Shumen Industrial Park.
The proposal aims to develop the Industrial Park and stimulate the economic growth of the Shumen region and municipality, create new jobs and increase export capacity by creating favorable conditions for investors in the industrial park. The project will help accelerate the process of rehabilitation and development of a modern industrial park to attract investments, with the necessary infrastructure for investors and favorable conditions for the implementation of new projects in the industry.
The expected results of the implementation of the project are attracted strategic investors and investors, creation of a local cluster, more than 45 jobs created within the implementation of the project, improved commercial activity and consumer behavior at the local level.
The project is expected to be completed by 30 June 2026.
Additional links:
- Reference
- C3.I1
- Project locations
- Bulgaria
- EU contribution
- €99 000 000