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Azerbaijan's sovereign wealth fund SOFAZ is investing USD 67 million in London's Gatwick airport in partnership with U.S.-based Global Infrastructure Partners. Gatwick, the UK's second-busiest airport, serves over 40 million passengers annually. SOFAZ's CEO emphasized that the deal aligns with the fund's strategy of acquiring resilient and high-value assets. The move follows earlier European investments, including a 49% stake in Italian solar plants. With total assets of USD 66.5 billion, SOFAZ continues to expand its international portfolio with strategic infrastructure and sustainable investments.
Azerbaijan's sovereign wealth fund, SOFAZ, announced earlier this week that it will invest 50 million pounds (USD 67 million) in London's Gatwick airport, making it one of the largest infrastructure deals the fund has pursued in Europe. The investment is being made in partnership with U.S.-based Global Infrastructure Partners (GIP), a company under BlackRock. Advertisement
Gatwick is the UK's second-busiest airport, serving over 40 million passengers annually. SOFAZ's chief executive officer, Israfil Mammadov, said the investment reflects the fund's strategy to collaborate with leading global institutions on assets that combine resilience, scale, and long-term value. He added that Gatwick Airport is a critical European gateway and a strong, sustainable investment aligned with SOFAZ's global vision.
VINCI Airports acquired a 50.1% stake in Gatwick from GIP in 2019, strengthening its presence in the UK aviation sector. Founded in 1999, SOFAZ has been actively expanding its European investment portfolio in recent years. Earlier this year, the fund purchased a 49% stake in Italian solar plants previously owned by U.S. renewable energy firm Enfinity Global. These moves highlight SOFAZ's focus on diversified and sustainable investments across strategic infrastructure and renewable energy sectors.
According to official data, SOFAZ's total assets reached USD 66.5 billion by the end of June. This latest investment demonstrates the fund's ongoing commitment to acquiring high-quality European infrastructure projects that provide stable returns and long-term growth potential. By targeting key assets like Gatwick, SOFAZ continues to strengthen its global presence and diversify its international investment portfolio.
Source Reuters
5th Jun, 2025
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