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8/14/24, 2:47 PM UAE and Azerbaijan agree to develop economic partnership in the sectors of entrepreneurship, tourism, new economy, technology, …
Preliminary figures also suggest a rise in non-oil trade between the two countries during the
period from January to April 2024, which has reached USD 617 million (AED 2.3 billion),
reflecting a 62 per cent growth compared to the same period in 2023.
The UAE's investments in Azerbaijan are estimated at USD 1.1 billion by the end of 2022,
which makes the UAE the largest Arab and seventh largest global investor in Azerbaijan.
Meanwhile, Azerbaijani investments in the UAE amounted to over USD 210 million as of the
end of 2021.
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