| The state oil fund SOFAZ -- an entity that accumulates and manages Azerbaijan's oil and gas revenues -- as a long-term investor is seeking stability of its real estate investments and thus aims to invest in assets in developed markets with long-term profitability.
SOFAZ Executive Director Shahmar Movsumov said that currently the Fund is studying the possibility of acquiring commercial property in Asia and Australia. "In particular, SOFAZ representatives have visited Seoul and Shanghai, as well as the major Australian cities Melbourne and Sydney in order to find high-quality commercial real estate," Movsumov said...............................................Full Article: Source
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