Glorax Group announced today that it is considering a number of investment projects in Azerbaijan’s capital city, Baku. Managing Partner Andrey Birzhin recently met with business communities and authorities in Baku, alongside a delegation from Glorax Development.
“We have been impressed with the dynamics of modern urban development in Azerbaijan,” said Birzhin. “Currently, Glorax Group is considering several investment projects in the areas of finance and real estate.”
With a rapidly growing economy and a stable political climate, Azerbaijan holds great potential for areas in which Glorax Group makes sizable investments. Baku, one of the most significant tourist destinations in the Caucasus, has been expanding its luxury hotel presence over the past few years, significantly boosting inbound tourism and economic growth.
Birzhin said that the company is waiting for delegations to finish before announcing further details.
“The details will be announced after the final selection of the investee,” he said.