Page 469 - MOE ENGLISH PR REPORT - AUGUST 2024

8/14/24, 4:55 PM UAE cements economic cooperation with Azerbaijan
opportunities for economic collaboration in priority sectors at both

government and private sector levels. They will also provide

comprehensive support for exporters and importers to facilitate and

enhance the exchange of goods and services, as well as to diversify

them. This is particularly significant given that the UAE serves as a

vital trade gateway, facilitating the movement of Azerbaijani exports to

regional markets.

The meeting also explored promising investment opportunities in the

food and manufacturing industries and sought to create new

communication channels between the two business communities.

The UAE and Azerbaijan explored the potential for implementing

tailored programs and initiatives to boost the growth of startups in both

markets. The discussions focused on enhancing investment

opportunities and enabling exports to access new markets. The two

sides agreed on the importance of motivating SME owners and

entrepreneurs to invest in new economy sectors, thereby increasing

their contributions to the GDP of both nations.

The UAE and Azerbaijan expressed their interest in organizing joint

tourism exhibitions, events, and conferences to highlight the key

tourism and historical attractions of both countries and to leverage

their diverse tourism offerings The collaboration is expected to boost

tourism inflows from across the globe, particularly given that there are

over 185 flights connecting the two destinations every month, operated

by the UAE’s national carriers.

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