Babacan at the World Economic Forum Annual Meeting 2009.

Ali Babacan (born 4 April 1967 in Ankara, Turkey) is a Turkish politician. On August 29, 2007, he was named Minister of Foreign Affairs of Turkey in the new cabinet of re-elected Prime Minister Recep Tayyip Erdoğan. Babacan succeeded Abdullah Gül, who became President. He was previously Minister of Economy in the 58th cabinet from the Justice and Development Party (AKP), which came to power in November 2002.

Babacan graduated from the TED Ankara College ranking first among the class of 1985. He attended the Middle East Technical University in Ankara and in 1989 was awarded a BSc in Industrial Engineering with the highest marks. He went to the U.S. on a Fulbright Scholarship to do postgraduate studies and in 1992 received a MBA from the Kellogg School of Management at Northwestern University in Evanston, Illinois, with majors in marketing, organizational behavior and international business.