BAKU, Azerbaijan, April 29. Issues of economic
cooperation between Azerbaijan and the United Arab Emirates (UAE)
were discussed, Azerbaijan’s Minister of Economy, Mikayil Jabbarov
wrote on his X account, Trend reports.
“We were pleased to welcome to Azerbaijan the delegation led by
Saeed Al Hajeri the Minister of State at the Ministry of Foreign
Affairs of the United Arab Emirates (UAE) and Co-Chairman of the
Cooperation Committee on the Comprehensive Strategic Partnership
between Azerbaijan and the UAE.
During the meeting, the strengthening of our strategic
partnership was highlighted, along with new opportunities for
expanding #economic cooperation.
The discussions also covered the activities of the Joint
Intergovernmental Commission on Economic, Trade and Technical
Cooperation between Azerbaijan and the United Arab Emirates, the
growing business ties and cooperation between our business
communities, promoting joint #investments, as well as collaboration
in industry, energy, transport, tourism, and other areas,” the
publication reads.
According to data from the Central Bank of Azerbaijan (CBA), in
2025, the volume of foreign direct investment from the United Arab
Emirates to Azerbaijan amounted to $404.7 million.
Meanwhile, in 2025, investments from the UAE accounted for 6.1%
of Azerbaijan’s total foreign direct investment.
