The State Oil Fund of the Republic of Azerbaijan has signed long-term strategic partnerships with Brookfield Asset Management, BlackRock, and GIP at the World Economic Forum in Davos, writes Euronews.

“The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has formalised long-term strategic partnerships with global investment giants Brookfield Asset Management, BlackRock, and Global Infrastructure Partners (GIP) during the World Economic Forum in Davos.

The agreements aim to expand existing relationships into structured, large-scale collaborations, opening the door to significant investment flows and expertise in infrastructure, digital technologies, and renewable energy.

Under the Memorandum of Understanding, SOFAZ and its partners plan to explore investment and co-investment opportunities over the next 3-4 years.

The initiatives will focus on sectors considered strategically important for Azerbaijan’s economic growth, including digital and financial infrastructure, data centres, transport and logistics, energy transition and renewable energy, real estate, and airport infrastructure. Projects are expected to serve not only Azerbaijan’s domestic market but also the wider regional economy.

To implement these initiatives, the agreements will see the creation of sector-specific working groups, joint site visits, technical sessions, and expert discussions, ensuring projects benefit from international operational standards and institutional best practices. A core goal is to leverage the global experience of Brookfield, BlackRock, and GIP to develop commercially sustainable, long-term infrastructure, and digital projects”.