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flag Azerbaijan plans $1.5B in infrastructure projects with BlackRock and GIP, using SOFAZ funds.

flag In January 2026, Azerbaijan’s President Ilham Aliyev signed a non-binding memorandum of intent with BlackRock and Global Infrastructure Partners during the Davos World Economic Forum, signaling a strategic shift toward diversifying the economy beyond hydrocarbons. flag The agreement, involving potential SOFAZ investments of up to $1.5 billion over three to four years, aims to develop digital and physical infrastructure, including data centers, cloud networks, and transport hubs, leveraging global capital and expertise. flag The partnership builds on prior investments like SOFAZ’s stake in London’s Gatwick Airport and reflects a broader trend of nations using private capital to modernize infrastructure. flag While not legally binding, the deal strengthens Azerbaijan’s role as a regional hub for digital and energy connectivity and enhances its access to international markets.

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