Azerbaijani SOFAZ cranks up its investments in real estate funds

State Oil Fund of Azerbaijan (SOFAZ) invested a total of 4.56 billion manat ($2.68 billion) in real estate funds by the end of last year. This represents a 382 million manat ($224.7 million) or 9.1% increase from 4.18 billion manat ($2.46 billion) recorded the previous year.