| Azerbaijan's state oil fund SOFAZ, which accumulates and manages the energy-rich country's oil and gas revenues, has started investing in real estate funds. SOFAZ told Trend that the share of investments that can be made in real estate has been increased from 5 to 10 percent.
"Direct investments were supposed to make up the first stage of SOFAZ's investment strategy on real estate, and the Fund continues this activity successfully. Both the cash inflows generated from these investments and positive price difference make an important contribution to the profitability of the overall investment portfolio," SOFAZ said...............................................Full Article: Source
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