Bank Of Baku

Caspian International Investment Company quits tourism project

Caspian International Investment Company quits tourism project
# 21 October 2009 16:42 (UTC +04:00)
Baku. Nijat Mustafayev - APA-ECONOMICS. Caspian International Investment Company (CIIC), established by the Azerbaijan Investment Company (AIC) and Islamic Corporation for Development (ICD), has refused to participate in a tourism projects, said Togrul Kocharli, executive director of the CIIC.

According to him, the main reason is that most projects in the tourism sector are linked with alcohol.

"Since the CIIC operates on Sharia, taking part in such projects is contrary to our principles of our operation," he added.
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