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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

SOFAZ plans to purchase real estate in three countries

Posted on 24 April 2013

The State Oil Fund of Azerbaijan (SOFAZ) is planning to purchase real estate in three other countries. The statement came from the executive director of SOFAZ, Shahmar Movsumov. According to him, in the near future, they are expected to visit Asia.
“This year we will visit three countries - China, Korea, and Australia, and in the second half of the year will make a decision about purchasing a property in these countries. We are talking about commercial facilities,” said Movsumov not excluding the possibility of acquiring real estate in all three countries………………………………………..Full Article: Source


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