Page 528 - MOE ENGLISH PR REPORT - AUGUST 2024
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8/14/24, 2:49 PM UAE and Azerbaijan agree to boost economic partnership
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 $617 million (AED2.3 billion), reflecting a 62% growth compared to the same period in 2023.
The UAE’s investments in Azerbaijan are estimated at $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 $210 million as
of the end of 2021.--TradeArabia News Service
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