Bank Of Baku

SOFAZ earned $1 bln in revenues from real estate investments so far

SOFAZ earned $1 bln in revenues from real estate investments so far
# 06 March 2025 11:51 (UTC +04:00)

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.

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