Page 512 - MOE ENGLISH PR REPORT - AUGUST 2024
P. 512
8/14/24, 2:47 PM UAE and Azerbaijan agree to develop economic partnership in the sectors of entrepreneurship, tourism, new economy, technology, …
surpassed USD 1.64 billion (AED 6 billion), reflecting an impressive growth of 68 per cent
compared to that of 2022.
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.
Advertisements
REPORT THIS AD
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.
https://mid-east.info/uae-and-azerbaijan-agree-to-develop-economic-partnership-in-the-sectors-of-entrepreneurship-tourism-new-economy-technology-… 4/4
