– His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, visited Azerbaijan, accompanied by President Ilham Aliyev.
– ADQ and Azerbaijan Investment Holding (AIH) signed an MoU to explore collaboration in advancing shared development objectives.
– The agreement focuses on the financial services sector to deepen market connectivity, build a resilient investment ecosystem, and support sustainable growth.
– It builds on the joint investment platform launched in December 2023, with equal capital commitments by ADQ and AIH.
– Priority sectors include agriculture, technology, pharmaceuticals, and energy infrastructure across Azerbaijan, the UAE, and Central Asia, with potential global expansion.
– H.E. Mohamed Hassan Alsuwaidi, ADQ CEO, highlighted long-term partnerships, deployment of patient capital, diversification of economies, industrial expansion, and strengthening of regional connectivity.
– Ruslan Alikhanov, AIH CEO, emphasized unlocking opportunities, channeling capital into key industries, fostering diversified growth, driving economic transformation, and positioning Azerbaijan as a dynamic global player.
– AIH, established in 2020, manages state-owned enterprises to strengthen governance, improve efficiency, channel investment into strategic areas, and support Azerbaijan’s long-term modernization.
– Non-oil trade between the UAE and Azerbaijan rose 43% year-on-year to USD 2.4 billion in 2024.
– UAE investments in Azerbaijan exceed USD 1 billion.
– The UAE and Azerbaijan share a strong bilateral relationship established since 1992.
