The investments of the State Oil Fund of Azerbaijan (SOFAZ) in real estate reached $3.5 billion and its share in the portfolio reached 5.9%, Farhad Zeynalov, the director of the Fund's Investment Department said, APA reports.
He mentioned that the Fund earned $1 billion in income from real estate investments so far, with a real estate profitability rate of 2.9%.
Zeynalov added that SOFAZ plans to continue investing in real estate in 2025 as well.