Azerbaijani State Oil Fund to consider opportunity of buying real estate in China, South Korea and Australia

  23 April 2013    Read: 563
Azerbaijani State Oil Fund to consider opportunity of buying real estate in China, South Korea and Australia
The names of the companies will be announced in a month.
The representatives of the Azerbaijani State Oil Fund (SOFAZ) will visit China, South Korea and Australia in the second half of 2013 to examine the opportunities of investing in real estate, SOFAZ executive director Shahmar Movsumov told media today.

"We visited six countries in 2012," he said. "This year we plan to visit three more countries. After this visit, we will make a decision about the investments in real estate. The matter rests in the commercial real estate for leasing offices. It is possible to invest in real estate in one country or in a few countries."

SOFAZ intends to invest its funds in the companies` shares. The names of the companies will be announced in a month.

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