Davos: President of the Republic of Azerbaijan Ilham Aliyev met with Connor Teskey, President of Brookfield Asset Management, in Davos on January 21. The discussions focused on investment-attractive sectors and potential projects in Azerbaijan, highlighting Brookfield Asset Management's expertise in global investment activities centered on real assets.

According to Azerbaijan State News Agency, a protocol of intent on long-term strategic cooperation was signed between the State Oil Fund of the Republic of Azerbaijan (SOFAZ) and Brookfield Asset Management. The agreement aims to institutionalize and deepen existing strategic relations, enhancing SOFAZ's access to reputable global investment platforms. The partnership plans to evaluate potential capital investments by SOFAZ of up to $1.4 billion over the next three to four years into funds and joint investment projects managed by Brookfield.

The cooperation intends to explore opportunities in key sectors within Azerbaijan with high investment potential. These sectors include energy transition and storage, renewable energy, digital infrastructure, and other areas deemed promising for investment.