Aras Agalarov, the prominent billionaire based in Russia, announced that he has relinquished his position as President of Crocus Group to embark on a new venture called Agalarov Development. This upcoming enterprise will not only undertake construction projects but also operate a chain of fitness clubs and restaurants.
Sources indicate that Agalarov will oversee a resort complex project in Azerbaijan and a shopping center in the Moscow suburbs, both of which will be managed by his new company, Agalarov Development.
This move indicates Agalarov’s determination to expand his business portfolios by branching out into other industries and providing his consumers with a broader selection of offerings. Despite already having successful undertakings in real estate and construction, his objective is to pursue new opportunities and widen his scope of investments.
This decision has been positively received by the Russian business community and conveys an essential message: Successful entrepreneurs are ready to take calculated risks and invest in expanding their enterprises even in a challenging economic environment. It stresses the significance of diversifying investments and exploring novel avenues to remain competitive in the market.
По материалам lenta.ru.
