Page 408 - INVESTOPIA ENGLISH PR REPORT FEBRUARY - MARCH 2025

3/4/25, 2:59 PM The First Edition of the Conference on Arab Business and Investment with the Countries of Central Asia and Azerbaijan
The Ministers discussed methods to enhance economic and investment cooperation between the countries,
reaffirming the importance of economic integration and investment in relevant sectors.The Ministers
reaffirmed that the “Doha Declaration 2024” issued by the Arab Economic and Cooperation Forum with
Central Asian Countries and the Republic of Azerbaijan in laying strong foundations for a sustainable and
fruitful Arab-Central Asia-Azerbaijan economic partnership.
The Ministers emphasized the importance of the strategic relations between the countries and coordination
in key economic sectors such as energy security, renewable energy and green solutions, sustainable
development, supply chain resilience, transportation, communication, food security, water security, tourism,
and digital transformation, in addition to expanding investment in these areas, among others.
The Ministers underscored the historical and cultural ties between the countries and the importance of
academic and educational exchanges in further promoting mutual understanding and cooperation.
The Ministers highlighted the vast natural resources and investment opportunities in energy, mining, and
petrochemical industries across Arab countries, Central Asian states, and Azerbaijan.
The Ministers supported the ongoing efforts to enhance trade and economic cooperation and encourage
investment between their countries in order to achieve joint benefits.
The Ministers stressed the importance of developing connected transport routes, strong logistics and trade
networks between the two regions to facilitate the movement of goods and people and reiterated their
support for infrastructure projects within Central Asia and Azerbaijan, such as the Trans-Caspian
International Transport Route (The Middle Corridor).
The Ministers called for enhanced cooperation in green economy, digital economy, AI, fintech, and research
and innovation and encouraged joint investment in these strategic areas between the countries.
The Ministers stressed the importance of cooperation in environmental preservation, climate action, and
the protection of glaciers and water resources, and expressed their readiness to share expertise in water
resource management and sustainable solutions to combat water scarcity.
The Ministers outlined the significance of cooperation in healthcare, poverty reduction, and economic
inclusion, including empowering women and youth and enhancing the rights of people of determination
and the elderly.
The Ministers commended the leading role played by participating countries in confronting climate change
and supporting international efforts in this regard, as demonstrated by the hosting of three consecutive
Conference of the Parties Egypt (COP27), the UAE (COP28), and Azerbaijan (COP29)—and the Action
Agenda initiatives aimed at aligning climate action with sustainable development.
The Ministers reaffirmed their commitment to sustained dialogue and strategic policymaking to foster a
long-term Arab-Central Asia-Azerbaijan economic partnership that promotes regional development and
enhances prosperity for their peoples.
The Ministers praised the LAS, Central Asia and Azerbaijan format to enhance multilateral cooperation and
highlighted the importance of continuing collaboration between their countries in international forums and
organizations to address global economic challenges.
The Ministers stressed the platform’s role in fostering economic and investment relations and called for the
creation of a joint database of private sector representatives from both regions to facilitate communication,
foster industry connections, and enhance trade and investment flows.
The Ministers thanked the UAE for hosting and organizing, in collaboration with the General Secretariat of
the LAS, the first edition of the Conference.
The Ministers look forward to the second edition of the “Conference on Arab Business and Investment with
the Countries of Central Asia and Azerbaijan” that will take place in one of the Central Asian countries and
Azerbaijan in 2027, with tangible outcomes and recommendations.

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