SOFAZ sovereign wealth fund set to grow to $200bn

SOFAZ, Azerbaijan’s sovereign wealth fund, is set to grow to $200bn over the next few years, according to its CEO Shakhmar Movsumov. SOFAZ is the State Oil Fund of Azerbaijan and is the main conduit for channeling the country’s oil and gas revenues into major infrastructure projects  such as the Baku-Tbilisi-Kars railway and the Samur-Absheron irrigation system. News.AZ