KOBIA and Omni World Holdings sign Memo of Understanding


June 14, Fineko/abc.az. In Baku, the Agency for the Development of Small and Medium-Sized Enterprises (SMEs) (KOBIA) and Omni World Holdings Ltd (UAE) have signed the Memorandum of Understanding on 13 June.

KOBIA informs that in accord with the Memo company Omni World Holdings Ltd will invest $10 million in projects in Azerbaijan for development of SMEs.

In particular, Omni is likely to invest in projects in the area of tourism, agriculture, information technology and healthcare.

The Memo was signed by KOBIA chairman of board Orhan Mammadov and Omni World Holdings Ltd CEO Eric Alfred Sayer.