Lighthouse Golf Resort, the 70 million euro complex being built near Balchik on Bulgaria's northeastern Black Sea coast, will officially open in May 2009. Some 50 million euro of the funds earmarked for the project have already been invested, executive director Georgi Chouklev said at the ceremony inaugurating the golf course.

Ian Woosnam, the Welsh golf pro who designed the course, is expected to attend the official opening of the complex.

The complex, whose full name is Lighthouse Golf Resort & Spa, will have 1000 housing units, of which some 600 are still under construction and 350 have already been sold to buyers of various nationalities.