OREANDA-NEWS. As it announced, in order to build a modern administrative building for SOCAR, which will meet all requirements of the Company, piece of land was purchased in Heydar Aliyev Avenue. The major companies of France, Italy, Great Britain, South Korea, Turkey, as well as local companies were participating in projecting the SOCAR’s building. Each company offered own architectural concept for the design of the new building.

During discussion and evaluation processes, it was agreed that the concept presented by Heerim Architects & Planners Co. Ltd Company of South Korea significantly differs with its modernism, suitable functional match to the technical requirements of SOCAR and the ensemble of the capital city. Thus, it was approved that the projection of the building should be done on the concept presented by South Korean company. SOCAR signed a contract with Heerim Architects & Planners Co. Ltd Company of South Korea to design the new administrative building. According to the contract, the project for the foundation of the new building will be ready in the second quarter of next year. It was planned to finalize the project of the building in the third quarter of 2008.