BAKU, Azerbaijan, October 29. The development
of investment relations was discussed between Azerbaijan and
Indonesia, during a meeting in Baku on October 28.
According to the State Oil Fund of the Republic of Azerbaijan
(SOFAZ), On 28 October 2026, Israfil Mammadov, Chief Executive
Officer of SOFAZ, met with a delegation led by Todotua Pasaribu,
Vice Minister of Investment and Downstream Industry of the Republic
of Indonesia.
The meeting was attended by Berlian Helmy, Ambassador of the
Republic of Indonesia to Azerbaijan, representatives of Danantara,
Indonesia’s state investment holding company, as well as other
Indonesian investment institutions.
The parties exchanged views on the development of economic and
investment relations between Azerbaijan and Indonesia, the
expansion of institutional cooperation, and investment areas of
mutual interest. The discussions also covered SOFAZ’s investment
activities across Asian markets, its partnerships with leading
investment institutions in the region, and the opportunities these
relationships may create for future cooperation.
In this context, the parties also discussed the China-ASEAN
Investment Platform, established in April 2026 by SOFAZ, China
Investment Corporation and Indonesia Investment Authority. The
platform represents a concrete example of the institutional
cooperation already developed among the parties and provides
additional opportunities for private equity investment and
long-term partnership across Southeast Asia’s high-growth
markets.
The meeting also covered prospects for cooperation in a range of
areas, including infrastructure, technology and the digital
economy. The parties highlighted the importance of maintaining
institutional dialogue and further developing engagement on
investment themes of mutual interest.
