The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has entered into a Memorandum of Understanding (MoU) with Hassana Investment Company to explore collaborative investment opportunities within the Kingdom of Saudi Arabia.

This MoU sets the groundwork for strategic cooperation between the two entities, allowing them to investigate options for co-investment and asset transfers in areas such as private equity, infrastructure, and real estate. The agreement facilitates ongoing discussions aimed at enhancing their partnership and identifying projects that align with their respective investment goals.

“Caspian Energy Media” reports with reference to the State Oil Fund.