Caspian International Investment Company to select first projects for participation by autumn

"We already have an office but continue recruitment of employees. At the same time, we consider a number of projects, in which we could take part. They were presented to us by the founders", announced he.

He said final decision regarding the first projects will be adopted by autumn of this year. "These are mostly the projects in the sphere of logistics (construction of storehouses outside Baku, cargo transportations and others), construction and so on", noted the head of CIIC.

Notably, the decision about participation in any project by becoming the shareholder of the enterprise will be passed by the CIIC observation council.

It should be reminded that on the first stage the founding capital of the company makes $10 mln with prospects of increase up to $70 mln.

/Day.Az/