No business projects at the head of Crocus Group Araz Agalarya in Azerbaijan. This was about this billionaire in an interview with RBC. According to Agalar, his son Emin is engaged in business in Azerbaijan.
“He has a huge project there – it leads to large-scale construction in Baku. Crocus Group does not deal with. They are engaged in Emin Agalarov personally. He has children there, it’s next to his house – this is such a synergy. Sea Breeze is a huge territory. On which he unfolded. By the way, in contrast, he does not want to take any loans in principle. He builds at the expense of customers (when he buys ready-made square meters, it appears extra money, and he will buy land) or at the expense of suppliers. In Baku, there is such a form of work – you supply the developer cement, windows and get some share in the house under construction. The house is built, 20-40% of the general contractor remains – depending on how he agrees, “A.Aagalarov stressed.
Answering a question of a journalist when he gives all the business Emineu, Aras Agalarov said that it was necessary to take a little bit. The head of Crocus Group noted that he was a Soviet man: “When I lived at the Soviet Union in Baku, the capital of our Motherland was Moscow and I simply did not notice the appearance of borders. I moved to Moscow in 1980, here I had a person. It is clear that I am Azerbaijan and this is my historic homeland. “