Anar Alizade

Anar Alizade — Azerbaijani businessman, owner and CEO of Union Grand Energy Group of Companies^[1], founder of Baku Business Factory^[2] and one of the founders of Socar Trading (other founders: SOCAR and Valery Golovushkin).

Life[edit]

Anar Alizade was born on 21 September 1978 in the city of Nakhchivan (city), Republic of Azerbaijan.^[3] After graduating from high school, in 1996-2000 he received a bachelor's degree in economics from the Nakhchivan State University and subsequently pursued a postgraduate degree in management at the Academy of Public Administration (Azerbaijan).^[4]

In early 2000 Anar Alizade arrived to Baku and began expanding his business in the capital. Anar effectively invested his primary capital accumulated by him and his family from activities in the field of trade between Turkey and Nakhchivan, into the real estate market in Baku. A few years later, a sharp rise in the price of real estate brought him a substantial profit.^[5]

In mid-2000s, Anar Alizade started building trade relations with the UAE. Anar Alizade created one of the first Azerbaijan investment companies in the UAE by engaging in the production and sale of computers and electronic equipment.

Currently, Anar Alizade leads several companies in Azerbaijan, United Arab Emirates, Turkey and Singapore, operating in the oil, construction, trading and manufacturing sectors. His main activities in Azerbaijan are aimed at increasing oil production in the old oil fields, onshore drilling of new wells and equipping them with modern equipment. He is also active in investing in various investment projects in real estate, agriculture and manufacturing businesses in Azerbaijan.

Oil sector[edit]

Anar’s entrepreneurial activities in the UAE raised his interest in the oil sector. Thus, he established "Grand" Ltd Company selling oil equipment and technical services to local oil companies. Consequently, Anar’s successes in this area have made him a reliable partner of State Oil Company of Azerbaijan (SOCAR). This partnership led to the creation of SOCAR Trading SA engaged in the sale of “Azeri Light” oil on the global market. Anar initially held 25% stake in SOCAR Trading SA, In addition, he has been a member of the Board of Directors for 6 years. In 2012, his shares in SOCAR Trading SA were purchased by SOCAR.^[6]

After some time, Anar Alizade consolidated his entities under a single corporate structure under the "Union Grand Energy" group of companies established in 2007 in Singapore, and subsequently declared and opened a representative office in Azerbaijan.^[7]

Awards[edit]

In December 2014, Anar Alizade was awarded the prize of "Man of the Year - Business reputation”.^[8],^[9]

In March 2016 Anar Alizade has been conferred 'Azeri Business Award 2015'. The award was presented to Anar Alizade on the nomination of 'Business Initiative of the Year' for his establishment of the Baku Business Factory, which supports business initiatives of youth.^[10]

Other[edit]

Anar Alizade supports charity and social investment projects, such as the "Baku White City".^[11] Anar also supports business initiatives among young people through the Baku Business Factory, which provides mentor’s assistance, financial support, access to different training programmes as well as office space.^[12],^[13],^[14],^[15],^[16]

In October 2020, following hostilities in Nagorno-Karabakh, Anar Alizade donated two million manats to the Azerbaijan Armed Forces Fund to support the Azerbaijani army fighting for the liberation of territories occupied by Armenia,^[17],^[18] making it the largest donation to the Armed Forces Assistance Fund in Azerbaijan^[19]. Anar also secured a batch of 3,500 special medical devices, known as Ilizarov apparatus,^[20] which are used by military hospitals in war conditions as they offer effective means for long-term fixation of individual bone fragments, reducing damage to bone tissue, thus allowing quick recovery of wounded servicemen.^[21]

References[edit]

External links[edit]

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