Bank Of Baku

$43mln to be invested in Almali retail chain

$43mln to be invested in Almali retail chain
# 16 February 2007 14:24 (UTC +04:00)
Investments of US $22mln have been made in Almali food retail chain in Azerbaijan, ADA Group Management Board Chairman Rafael Hajiyev said, APA reports.
He said it is planned to make investments between $55mln and $60mln and $43mln will be made this year.
He said retail chain will also reach regions.
“The first regional store has been opened in Sumgait. We will consider other potential markets such as Ganja. Extension of the chain is not planned for 2007,� he said. /APA/
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