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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

New office of Azerbaijan’s Oil Fund to be built for EUR 85 mln

Posted on 12 January 2012

The State Oil Fund of Azerbaijan (SOFAZ) has drawn Belgium’s NV Besix S.A. to construction of its new residence at 6th Poperechnaya Street in Nizami district of Baku.
The SOFAZ reports that a contract for AZN 84.916 million was signed in late December with the tender winner contractor. The site for the new office was transferred to the Fund by Order #367s of the Cabinet Ministers on 29 December 2009………………………………………..Full Article: Source


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