PASHA Development

“PASHA Development” LLC was formed as a Limited Liability Company on June 12, 2012.

The Company, its subsidiaries and jointly controlled entities are involved in real estate acquisition, development and management. Investments made on subsidiaries which are located on different countries – Turkey, Georgia, Montenegro. Recently, the Company has founded a new entity, PD Estates Foreign Enterprise Limited Liability Company and expects commencing the business operations in the Republic of Uzbekistan during 2024.

Azerbaijan Global Investment LLC is also subsidiary of the Company which is located in Azerbaijan. The objective of this subsidiary is to develop and implement investment projects, create an efficient and sustainable investment portfolio outside the Republic of Azerbaijan, particularly in the non-oil sector.

Total assets of the Company increased by 17% and amounted to AZN 1,448 million. As of 31 December 2023, total equity is exceeded AZN 489 million.

The Company is a subsidiary of PASHA Holding LLC.