Azerbaijani investor to invest in construction of sanatoriums in Russia

16:01 - 28.02.2024

February 28, Fineko/ An Azerbaijani company plans to invest 9 bn rubles (165.6 million manats) in the construction of three sanatoriums in the special economic zone in Zheleznovodsk.

ABC.AZ reports that resort’s head Yevgeny Bakulin stated about this on the sidelines of the 12th Russian-Azerbaijani Interregional Forum in Mineralnye Vody.

"Investors are again interested in the special economic zone of Zheleznovodsk. The Azerbaijani investor has signed an agreement for three plots with a total area of 9 hectares. Investments will amount to about 9 bn manats," Bakulin said.

He added that it is planned to build three sanatoriums with 600 rooms and 1,200 beds.

According to CBA current exchange rate, 1 Russian ruble is equal to 0.0184 manats.

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