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Azerbaijan hosts international conference on development of multi-use complexes and Islamic financing

24 June 2009 09:41 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. On June 24, 2009, Islamic Corporation for the Development of the Private Sector (ICD) jointly with Baker & McKenzie are hosting, for the first time in Azerbaijan, a half day conference on the development of multi-use complexes and Islamic financing in Azerbaijan.

Senior representatives of the government, the banking and finance sector and prominent real estate developers and construction companies joined the conference.

Dan Matthews, Head of Baker & McKenzie Office in Baku, briefed the participants about the objective of the conference.

Real Estate experts from the Baku and Moscow offices of Baker & McKenzie, the Moscow and Baku offices of DTZ, and ICD experts on Islamic financing from Jeddah presented on key matters of multi-use development and financing of projects in Azerbaijan.

Founded in 1949, Baker & McKenzie is a global law firm of more than 3,900 locally qualified, internationally experienced lawyers and 6,600 other professionals and staff in 69 offices in 38 countries. Global revenues for the fiscal year ended June 30, 2008 exceeded US $2.19 billion. John Conroy is Chairman of the Firmâ€™s Executive Committee
The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral organization, affiliated with the Islamic Development Bank (IDB) Group. Its shareholders are the IDB, 46 Islamic member countries, and 5 public financial institutions from member countries. ICD was established by the IDB Board of Governors during their 24th annual meeting held in Jeddah in Rajab 1420H (November 1999). The head office of ICD is in Jeddah, Kingdom of Saudi Arabia.
DTZ is one of the â€˜big fourâ€™ global real estate advisers operating across Europe, Middle East and Africa (EMEA), Asia Pacific and the Americas. With a team of over 12,500 property professionals operating across 150 cities in 45 countries, DTZ works with clients to provide innovative real estate, capital markets and business solutions worldwide.