Azerbaijan, Baku, 19 August / Trend corr. I.Khalilova / Caspian International Investment Company (CIIC), which was established by the Azerbaijan Investment Company (AIC) and Islamic Corporation for Development (ICD) on 29 November 2007, is to meet with regional based businessmen since early September Togrul Kocharli, Executive Director of CIIC, said.
"Since 1 August, businessmen have submitted their projects. We will consider the most interesting ones," Kocharli said.
CIIC have over five projects to consider. The projects to invest will be defined until September. AIC will stand as monitory shareholder and CIIC - share holding.
"The main issue is the project must be interesting and we will attract investments from other financial institutions,' Kocharli said.
CIIC is prepared to hold 'dotty' talks to attract investments from companies from the Persian Gulf countries -Saudi Arabia, Bahrain and United Arab Emirates.
Under the strategy, investments will be spent into the real sector of economy excluding alcohol and pork producing companies, as well as bank and insurance organizations, which operate at standard financing conditions and insurance service.
The Caspian International Investment Company (CIIC) was established as a closed joint stock company with initial capital AZN 2.95mln. Azerbaijan Investment Company's share in the company is 25%. Company will be formed at the expenses of Azerbaijan Investment Company and Islamic Corporation for Development, as well as investors from the Middle East and Perian Gulf.
On 19 August, the official currency rate is 0,8151 AZN/USD.
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