Azerbaijan’s State Oil Fund earns $1 billion from real estate investments

Since the creation of the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) and as of December 31, 2024, the average annual return on real estate investments was 2.9%, with a profit of $1 billion, Farhad Zeynalov, Director of the Investment Department at SOFAZ, said during a media briefing on the investment results for 2024 and prospects for 2025, according to Report.

"The total investment value is $3.5 billion, and the share in the portfolio is 5.9%. In general, the portfolio distribution will be carried out by regions and sectors in line with the global real estate index," he said.