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SOFAZ to Invest $1 Billion in Real Estate in 2013

In 2013, the State Oil Fund of Azerbaijan (SOFAZ) is planning to invest $1 billion in real estate.

In accordance with its investment strategy, SOFAZ may invest up to 5% in real estate investment portfolio.

The priority market to be targeted initially includes Asian countries, China, Korea, and Australia.

The choice is based on the fact that currently, the Asian economy is the only growing market against the backdrop of global recession and is considered to be the most promising destination for real estate investments.

Source: News.Az

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