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Sovereign Wealth Funds Briefing - Categorized | Investment

SOFAZ to continue investing in Turkish economy

Posted on 06 December 2013

Azerbaijan intends to raise investments in Turkey. The statement came from head of the State Oil Fund of Azerbaijan Shahmar Movsumov speaking at the opening of the Caspian Forum in Istanbul on 3 December.
According to Movsumov, SOFAZ is already investing actively in Turkish economy. As an example, he cited investments into STAR holding in Izmir and into Turkish banks. According to the head of the fund, they are currently viewing a possibility to invest into the real estate in this country………………………………………..Full Article: Source


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