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ARABIAN HOLDING INTERSUN HAS OPENED THE BANK IN AZERBAIJAN.

				
				
				
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ARABIAN HOLDING INTERSUN HAS OPENED THE BANK IN AZERBAIJAN.
       Baku, on December, 29th. A/PRIME-TASS/. Bank Caspian
Investment, being affiliated structure of holding
Intersun / incorporated Arab Emirates/, has opened in
Monday in Baku.
      According to representatives of founders of new bank,
Having ustavnyj the capital in 5 million doll and occupying on
To this indicator the first place among operating in
To republic of 5 foreign banks, he will be engaged in
Azerbaijan mainly investment activity
And to render consulting services by the potential
To investors.
      Taken part in opening ceremony of new bank
The president of Azerbaijan Aliev welcomed Gay gift
Intentions of bankers from the United Arab Emirates to invest capitals in
Infrastructure of Baku and other projects. Largest of
Them - 350 million cost doll - provides the full
Reconstruction of the Baku parkway stretched lengthways
Caspian sea approximately on 3,5 kilometres. To the beginning of the third
Millenia here it is planned to erect a new zone of rest
And to construct 5-star hotel.
     G.Aliev has visited two more city objects, in which
Invested means Intersun. In upgrade Baku
margarinovoj the holding has already enclosed factories in a kind
The interest-free credit of 5,5 million doll also is intended to buy
For it the equipment on 3,5 million dollars Factory annually
Will let out 75 tys tons of vegetable oil,
Margarine and mayonnaise. For limits of Azerbaijan, in that
Number and Russia, it will be delivered, in particular, 20 tys
Tons of this production.
      The second object of holding - trade fair Caspian
Shopping - it is located in one of large microdistricts
goroda. - 0 - nb/sbg
//* an information Source: the Prime-TASS, 29.12.97
//* Reg. Nom. - 6071200252.68-------------------------------------------