State Oil Fund of Azerbaijan begins investing in real estate
Baku, Fineko/abc.az. The State Oil Fund of Azerbaijan (SOFAZ) has started implementation of a new investment instrument - acquisition of real estate abroad.
Today in Baku SOFAZ executive director Shahmar Movsumov has said that the first deals for real estate investments will be concluded soon.
"They are already at stage of conclusion,” Movsumov emphasized.
Earlier SOFAZ announced that it is considering options to buy real estate in London, Paris, Rome, Moscow and Istanbul. In the future similar projects are to be implemented in Singapore, Malaysia and Indonesia.
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