To date, SOFAZ acquired over 500 properties abroad

14:15 - 25.10.2022

October 25, Fineko/abc.az. The State Oil Fund of Azerbaijan (SOFAZ) has so far acquired real estate abroad in the amount of $2.9 bn, ABC.AZ was informed at SOFAZ.

The Fund says that those funds were mainly spent on the purchase of offices, retail facilities, residential complexes, industrial zones, hotels.

"Currently, the Fund has more than 500 real estate properties in foreign countries. 22% of Fund's real estate is located in the Asia-Pacific basin, 38% in Europe and 40% in North America," SOFAZ said in a statement.

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