SOFAZ's investments in Italy reach $3 billion

The total value of the State Oil Fund of Azerbaijan's (SOFAZ) investments in Italy today amounts to $3 billion, SOFAZ Executive Director Israfil Mammadov said during his working trip to Italy, while speaking at the FII Priority Europe Forum in Rome, Report informs.

Mammadov noted that Italy ranks as the fourth largest destination in SOFAZ's global investment portfolio.

He also highlighted the role of long‑term capital in financing large‑scale infrastructure projects, pointing out that while global investment capital is abundant, the challenge lies in channeling it effectively into high‑quality projects that meet institutional standards: "Our investments in Italy are a clear example. We have invested in high‑quality infrastructure assets in the transport and energy sectors, which we aim to keep in our portfolio for the long term."

The forum focused on strengthening Europe's strategic independence in energy, technology, security, and finance, and brought together leading investors, policymakers, and innovators to discuss how capital can enhance Europe's long‑term competitiveness.

During his visit, Mammadov also held meetings with government agencies, private sector representatives, and sovereign funds to discuss mutual interests, investment opportunities, and future cooperation prospects.

The event was organized by the Future Investment Initiative (FII) Institute and supported by Saudi Arabia's Public Investment Fund (PIF) under the theme "Renewing Europe: Capital, Sovereignty, and Strategic Autonomy."