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Azerbaijan Investment Company completes open tender to attract services

Business Materials 22 July 2020 16:47
Azerbaijan Investment Company completes open tender to attract services

BAKU, Azerbaijan, July 22

By Fidan Babayeva – Trend:

Azerbaijan Investment Company (AIC) OJSC completed an open tender for the procurement of services to assess compliance with international standards and best practices to determine the market value of a share in a number of enterprises, a source in the Economy Ministry told Trend.

According to the source, the winner of the tender announced by the AIC was 'RSM Azerbaijan', to which a contract worth 32,999 manat ($19,410) was awarded.

AIC OJSC was established by Azerbaijani president’s decree dated March 30, 2006. The company’s registered capital is 160 million manat ($94.1 million). The main goal of the company is to make long-term investments in separate joint-stock ventures and other commercial enterprises operating in non-oil sector through buying out shares in them.

The company's activities cover sch areas of ICT, agriculture, alternative and renewable energy, food processing, industry, logistics, tourism and processing.

(1 USD = 1.7 manat on July 22)

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