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Korean experts study Azerbaijani real estate market

Business Materials 4 September 2009 14:59 (UTC +04:00)

Azerbaijan, Baku, September 4 / Trend U. Ismayilova /

Korean experts are studying the state of Azerbaijan's real estate market, the Azerbaijani State Committee for Town-Planning and Architecture said on September 4.

"Representatives from Korean contractors have held a meeting in the Azerbaijani State Committee for Town-Planning and Architecture through an initiative of the Korean Embassy in Azerbaijan," the committee said.

The Korean delegation includes the Korean Consul to Azerbaijan, Kim Yong Seog, and managers from both the Korean International Association of Contractors and the company Hanmiparsons. 

During the meeting guests were informed about major spheres of Azerbaijani construction-investment policy, the current design and construction situation, causes for the state property's growing investments to major capital, as well as the significance of the state program for social-economic development of Azerbaijani regions.  

A memorandum on mutual understanding to expand and intensify relations was signed between the Azerbaijani State Committee for Town-Planning and Architecture and the Korean International Association of Contractors in 2007.

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