Tuesday, 02 January 2024 12:17 GMT

SOFAZ Expands Its Global Reach With Shift Toward Real Assets & Technology


(MENAFN- AzerNews)

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has yet again demonstrated a conservative but ambitious approach to sovereign wealth management, mixing income-generating investments with a selective preference for high-growth technology equities. The fund announced an investment in London's Gatwick Airport for £50 million as part of a consortium led by Global Infrastructure Partners, a move that underscores the dual SOFAZ agenda of yield and diversification. (£50 million ≈ $63.5 million). Why the Gatwick deal matters beyond headline optics?

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