TODAY.AZ / Business

$43mln to be invested in Almali retail chain

17 February 2007 [08:35] - TODAY.AZ
Investments of US $22mln have been made in Almali food retail chain in Azerbaijan, ADA Group Management Board Chairman Rafael Hajiyev said.

He said it is planned to make investments between $55mln and $60mln and $43mln will be made this year.

"The first regional store has been opened in Sumgait. We will consider other potential markets such as Ganja. Extension of the chain is not planned for 2007," he said, APA reports.


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