TODAY.AZ / Business

Azeri-Russian business center to be built in Azerbaijan

21 February 2006 [20:37] - TODAY.AZ
An Azerbaijani-Russian business center will be built in Azerbaijan, said Yuri Kudimov, the head of the National Reserve Bank.

Kudimov told Trend that at the moment the bank is carrying out talks in this respect with ISR Holding.

Touching upon the investments to be put in the construction of the center the head of the company said that as of initial accounts it will comprise $150-200m and the center will also include hotel complex.

"Some investment companies are probable to participate in financing of the project," Kudimov noted. At present the selection of place and general review of the project are underway.

Moreover, the company participates in the implementation of a dwelling project in Baku and holds talks with the government on possible participation of the company in the process of privatization of some local enterprises.


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