As of January 1 of this year, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) had invested nearly 4.6 billion manats ($2.07 billion) in real estate funds, marking a 9.15% increase compared to January 1 of the previous year.
According to Report, over the year, the share of investments in real estate funds within the fund’s total assets rose from 4.37% to 4.45%.