BAKU, Azerbaijan, April 5. The "Gulustan" sand and gravel deposit, located in the Julfa district of Azerbaijan's Nakhchivan Autonomous Republic, is being put up for sale via auction, Trend reports.
The starting price for the auction is set at 20,000 manat ($11,764), with a 10 percent deposit amounting to 2,000 manat ($1,176).
The auction is scheduled to take place on May 19, 2025, at 11:00 (GMT+4). The participation fee for the auction has been set at 540 manat ($317.6).
The auction will be held at the following address: 19 Nasreddin Tusi Street, Nakhchivan City, Nakhchivan Business Center LLC, Azerbaijan
The deposit spans an area of 10 hectares, with a total volume of 200,000 cubic meters, and its operational period is expected to last for 20 years.
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