AIC Invests in Cotton Fabric Production in Azerbaijan
Azerbaijan, Baku, 17 April / Trend / Azerbaijani Investment Company (AIC), Joint Stock Company of Azerbaijan, has signed a memorandum on mutual understanding to invest in MKT IK closed joint stock company in order to produce cotton fabric, knitted fabric and to finance reconstruction of Sumgayit Xovlu Iplik Joint Stock Company included in MKT IK, AIC reported on 17 April.
"Azerbaijani Investment Company plans to obtain quarter of MKT IK shares. The business plan of the project will be developed by Mak Consultancy Baku Ltd consulting company".
Azerbaijani Investment Company Joint Stock Company was founded in 2006.