(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 1. Azerbaijan and the
UAE explored potential areas of collaboration within COP29, a
source in the Ministry of Economy of Azerbaijan told Trend .
According to the ministry, the country's Minister of Economy
Mikayil Jabbarov and President of State Oil Company of Azerbaijan
(SOCAR) Rovshan Najaf held a meeting with the Minister of Energy
and Infrastructure of the UAE Suhail Mohamed Al Mazrouei.
The meeting emphasized that the relations between Azerbaijan and
the UAE, based on principles of mutual friendship and respect, are
at a high level, and the political will of the heads of states
plays a crucial role in strengthening cooperation between the two
countries.
The meeting pointed out the expansion of partnership in areas
such as trade and economy, investments, logistics, and other
directions.
Besides, the meeting stressed that Azerbaijan is the main
initiator and participant in a series of projects for the
production and export of renewable energy in the region, and that
successful collaboration in the field of green energy with Masdar
company is particularly significant for ensuring energy
security.
Furthermore, the meeting highlighted the significance and
contribution of Azerbaijan to regional partnerships, its effective
collaboration with the member states of the UN Special Program for
the Economies of Central Asia (SPECA) on various platforms,
advantageous geographic location of the country at the intersection
of important transport corridors and the expansion of transit
potential provide broad opportunities for investor activity.
The meeting also noted that implementation of joint projects
with UAE entrepreneurs, taking advantage of these opportunities,
can contribute to further expanding regional cooperation.
The parties discussed the strengthening of partnership, the
implementation of joint initiatives in the field of green energy
and other directions, as well as the exchange of experience within
the framework of COP29.
Meanwhile, the decision to host COP29 in Azerbaijan was
officially announced in Dubai on December 11, 2023.
On January 4, 2024, Mukhtar Babayev, Minister of Ecology and
Natural Resources of Azerbaijan, was appointed as President of
COP29.
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