SOCAR to finance building of $300m soccer stadium
BAKU – Azerbaijan’s state oil company SOCAR will finance a $300 million soccer stadium the former Soviet republic plans to build outside the capital Baku, company spokesman Nizamaddin Guliyev told Bloomberg.
The stadium, which is set to become the country’s biggest with 65,000 seats, will be based on the Stade de France near Paris, Youth and Sports Minister Azad Rahimov said in comments broadcast on state television.
SOCAR President Rovnag Abdullayev heads Azerbaijan’s Association of Football Federations.
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