In New York on September 24, President of Azerbaijan Ilham Aliyev held meetings with three prominent business figures.
On September 24, President of the Republic of Azerbaijan Ilham Aliyev met with Michael Arougheti, Co-Founder and Chief Executive Officer of the global investment firm Ares Management, in New York.
The discussion highlighted the importance of cooperation with Ares Management for the sustainable development of Azerbaijan’s financial market and the attraction of foreign investment.
President Ilham Aliyev noted that partnerships established in this direction, particularly joint initiatives in alternative investments, could contribute to Azerbaijan’s economic goals.
The sides exchanged views on expanding the successful cooperation between the State Oil Fund of the Republic of Azerbaijan and Ares Management, ongoing since 2017, as well as the potential for future investment projects in sustainable infrastructure, logistics, real estate, education, and green energy.
Michael Arougheti praised Azerbaijan’s sustainable development policies and the favorable environment created for institutional investors, stressing that this opens broad opportunities for international partnerships. He emphasized that Ares Management is particularly interested in strengthening cooperation with Azerbaijan in the fields of green energy, logistics, and social infrastructure.
Ares Management operates in credit, real estate, private equity, and infrastructure. Founded in 1997 by Michael Arougheti and his partners, the company currently manages assets worth nearly $600 billion and ranks among the world’s top three firms in terms of warehouse and logistics investment assets.
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Besides, President Ilham Aliyev met with Khush Choksy, Senior Vice President of the US Chamber of Commerce, in New York.
During the conversation, they noted that relations between Azerbaijan and the United States have risen to the level of strategic partnership, and there are currently significant opportunities for expanding economic and trade relations.
They had discussions on cooperation in energy, connectivity, artificial intelligence, and other fields, stemming from the Memorandum of Understanding on the establishment of a Strategic Working Group to prepare the Charter on Strategic Partnership between Azerbaijan and the United States of America.
They emphasized the importance of establishing direct contacts between the business communities of Azerbaijan and the United States, as well as organizing mutual visits by business delegations, noting that there is significant potential for developing cooperation in the tourism sector.
Khush Choksy expressed his intention to visit Azerbaijan soon with a large delegation to explore
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President Ilham Aliyev also met with Jenny Johnson, Chief Executive Officer and President of Franklin Templeton, one of the world’s largest and most prestigious global investment firms, in New York.
The meeting included an exchange of views on the global investment environment, opportunities for emerging countries to access capital markets, and the role of international partnerships in economic transformation.
The discussion focused on future directions of cooperation between Azerbaijan and Franklin Templeton.
Jenny Johnson noted that economic projects and development initiatives implemented in Azerbaijan in recent years have created significant opportunities for international capital. She praised the stable and favorable environment established for investors in Azerbaijan, emphasizing that it provides a strong foundation for long-term partnerships.
The meeting highlighted that Franklin Templeton’s extensive and successful experience in capital markets, infrastructure, real estate, and renewable energy could contribute to Azerbaijan’s economic, financial, and green agendas.
President Ilham Aliyev addressed the close cooperation between Franklin Templeton and the State Oil Fund of the Republic of Azerbaijan, noting that this partnership is of great importance for deepening Azerbaijan’s capital markets, strengthening the region’s investment potential, and promoting sustainable development. The head of state also emphasized the significance of the company’s expertise in alternative investments and its successful projects in regional countries, underscoring broad opportunities for mutual collaboration.
Franklin Templeton, founded in 1947 in the United States, currently manages assets worth approximately $1.6 trillion. The company operates nearly 70 offices in more than 30 countries and manages over 1,000 mutual funds and a wide range of investment products in more than 170 countries.
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