SOFAZ's $72 billion to deploy as AI rewrites infrastructure market
Amid fluctuating interest rates in global financial markets and rising geoeconomic risks, sovereign wealth funds are taking more aggressive and strategic diversification steps to preserve the profitability of their portfolios. Israfil Mammadov, Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ), visited Toronto in September as part of the “Canada Investment Summit 2026.” The visit signals a new stage in the management of the Fund’s more than $72 billion in assets, with a particular focus on joint investments with global companies in real assets, alternative energy and digital infrastructure.