The recent Memorandum of Understanding signed between «القابضة» (ADQ) and the Azerbaijan Investment Holding (AIH) marks a significant step towards fostering collaborative efforts aimed at enhancing shared developmental goals. This agreement, which focuses on exploring various avenues of cooperation, emphasizes the commitment of both parties to work together in strengthening investment frameworks and driving sustainable growth in their respective regions.
Strengthening Financial Services Collaboration
Under this Memorandum of Understanding, both parties will examine potential partnerships within the financial services sector, highlighting initiatives designed to create a robust investment ecosystem. This focus aims to support sustainable economic growth while aligning with broader developmental objectives.
Expanding Investment Horizons
This partnership continues a joint investment platform launched in December 2023. Under this initiative, both «القابضة» and AIH have agreed to allocate equal amounts of capital to support projects across various sectors, including agriculture, technology, pharmaceuticals, and energy infrastructure, not only in the UAE and Azerbaijan but also in Central Asia, with potential expansion into other markets.
Statements from Key Executives
Mohammed Hassan Al Suwaidi, the Managing Director and CEO of «القابضة» (ADQ), stated, “The Memorandum of Understanding with the Azerbaijan Investment Holding reflects our capacity to build long-lasting partnerships that benefit all parties involved. By utilizing capital and investment expertise, we aim to enhance priority sectors in key geographical areas, thus contributing to economic diversification efforts and accelerating industrial expansion.”
In response, Ruslan Ali-khanov, CEO of the Azerbaijan Investment Holding, remarked, “Our partnership with «القابضة» (ADQ) represents a significant milestone in opening new avenues that support the ongoing progress of the Republic of Azerbaijan. Through collaborative efforts, we are directing capital and expertise towards strategic sectors, which contributes to fostering a more diverse growth trajectory for the nation and reinforces our aspirations for economic transformation.”
As both organizations move forward with their commitment established in this Memorandum of Understanding, the collaboration is anticipated to yield promising results, enhancing regional connectivity and strengthening their global competitiveness.