SOFAZ Discusses Innovation, Economic Diversification Co-Op With Saudi Arabia (PHOTO)
Date
11/1/2024 7:11:45 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 1. A delegation led
by Israfil Mammadov, CEO of the State Oil Fund of the Republic of
Azerbaijan (SOFAZ), recently had a working visit to Saudi Arabia,
Trend reports via
the SOFAZ statement.
This visit was a part of SOFAZ's broader efforts to strengthen
strategic partnerships within the global capital market and further
diversify its investment portfolio.
The delegation engaged in high-level meetings with government
officials, including the Minister of Finance, Mohammed Al-Jadaan,
and Minister of Investment, Khalid A. Al-Falih, as well as with
senior executives from leading companies such as BSF, Vision
Invest, Gulf Islamic Investments, Investcorp, Sanabil, Dubai
Holding, and Gulf Capital. These discussions centered on advancing
mutual investment initiatives, exploring collaboration
opportunities, and identifying strategic projects. The parties also
exchanged views on fostering innovation, promoting sustainable
development, and supporting economic diversification.
As part of the visit, the delegation participated in the 8th
Future Investment Initiative Forum (FII8), themed“Infinite
Horizons: Investing Today, Shaping Tomorrow," which was held in
Riyadh on October 29-31. FII8 gathered influential leaders and
experts from around the world to discuss transformative investment
opportunities addressing global challenges. At the forum, the SOFAZ
delegation held productive meetings with leading financial
institutions, including Franklin Templeton, Starwood, and
Brookfield. The forum provided SOFAZ with valuable insights into
global investment trends and paved the way for new collaborative
opportunities with international partners.
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