Bank Of Baku

Caspian International Investment Company takes part in residential area construction project in Absheron

Caspian International Investment Company takes part in residential area construction project in Absheron
# 19 October 2009 16:34 (UTC +04:00)
Baku. Nijat Mustafayev - APA-ECONOMICS. The Caspian International Investment Company (CIIC), has a residential area construction project in Absheron, said Togrul Kocharli, executive director of CIIC.

According to him, CIIC will invest AZN 6.4 million (20% of the total costs) to the project in Saray, 18 km far from Baku.

“169 villas will be built there. 50 of them will be ready for housing by August 2010, and the rest will be ready in the first quarter of 2011,” he added.

Caspian International Investment Company, jointly established in 2007 by Azerbaijan Investment Company and the Islamic Corporation for the Development of the Private Sector, operates on sharia.
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