Baku / 02.28.19 / Turan: MIDA LLC, the state operator for the construction of social housing, has announced a competition to attract potential investors to the construction of apartment buildings.
Participation in the competition is paid (300 manat), and the intention of MIDA in terms of construction is indicated in the document on the competition. Turan News Agency asked the Competition Commission to provide information on the land area allocated for private construction and on the number of buildings. However, here they refused to answer the questions, referring to the fact that the competition was not held in accordance with the tender legislation. At the same time, the commission was unable to answer the question of what kind of legislative or regulatory act governs this selection of investors.
Applications are accepted until March 18.
Construction work is carried out on 15.4 hectares allocated in the Yasamal district under the Second Stage of the Yasamal residential complex. It is planned to build 40 residential buildings, which will consist of 2,002 apartments.
It should be noted that this is the second search by LLC MIDA of investors for the construction of multi-apartment buildings within the framework of the Yasamal Residential Complex project. The first contract was awarded to KAT Holding LLC in 2017. This company built three 12-storey buildings and one 9-storey residential building. Its investments were estimated at 10 million manat. One of the 12-storey buildings was transferred to the disposal of MIDA.--0--
Economics
-
Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
-
Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
-
Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
-
Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
Leave a review