By Ayya Lmahamad
Azerbaijan and the United Arab Emirates (UAE) have discussed the
expansion of cooperation in trade, mutual investment, SMBs,
logistics, and tourism sectors, Azernews reports.
The discussion took place during the meeting between
Azerbaijan's Economy Minister Mikayil Jabbarov and UAE Ambassador
Mohammed Murad Al Blooshi.
During the meeting, the minister emphasized the high level of
relations between the two countries based on the principles of
mutual friendship and respect. He also noted the successful
cooperation in the economic sphere between Azerbaijan and the
Jabbarov noted that such platforms as the Joint
Intergovernmental Commission on Economic, Commercial, and Technical
Cooperation, Trade Representation of Azerbaijan in the UAE, and the
Azerbaijani Trade House in Dubai play an important role in the
development of trade and economic partnership.
Moreover, he stressed that there are ample opportunities to
promote the participation of UAE companies in the projects
implemented using the concepts of smart city and smart village in
Azerbaijan's liberated territories, as well as in industry,
digitalization, the 4th industrial revolution, and other areas. In
this regard, he noted the importance of active cooperation between
the business communities of the two countries.
In turn, the ambassador emphasized that the UAE attaches great
importance to the development of relations with Azerbaijan, and
expressed the interest of UAE companies to participate in the
projects being implemented in Azerbaijan's liberated
The parties also discussed the development of trade and economic
partnership between the two countries.
The diplomatic relations between Azerbaijan and the United Arab
Emirates were established on September 1, 1992. The trade turnover
between the two countries amounted to $50.4 million in 2021.
Last year, Azerbaijan and the UAE signed agreements on pilot
projects in renewable energy. Under the agreement, the building of
a 230-MW solar power plant is envisaged. On March 15, a
groundbreaking ceremony for the 230 MW Garadagh solar power plant,
to be constructed by the United Arab Emirates' Masdar company, was
held in Baku's Gulustan Palace. The plant is designed to produce
500 million kWh of electricity per year and supply it to
approximately 110,000 households. It will reduce gas consumption by
110 million cubic meters and environmental emissions by 200,000
Ayya Lmahamad is AzerNews' staff journalist, follow her on
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