Image: ADQ
ADQ, the UAE-based sovereign investor focused on critical infrastructure and global supply chains, and Azerbaijan Investment Holding (AIH) have signed a memorandum of understanding (MoU) to explore collaboration aimed at advancing shared development objectives.
Under the agreement, the two entities will examine opportunities in the financial services sector, focusing on initiatives that enhance market connectivity and strengthen the investment ecosystem to support sustainable growth.
The partnership builds on a joint investment platform launched in December 2023, where ADQ and AIH committed equal capital to projects in agriculture, technology, pharmaceuticals, and energy infrastructure across Azerbaijan, the UAE, and Central Asia, with potential expansion into other markets.
Mohamed Hassan Alsuwaidi, MD and group CEO of ADQ, said: “The latest agreement with Azerbaijan Investment Holding demonstrates our ability to build long-term and mutually beneficial partnerships with aligned institutions, while showcasing ADQ’s approach of deploying patient capital and investment expertise to advance priority sectors across key geographies. Through this, we are enabling the diversification of economies, driving industrial expansion, and creating opportunities that strengthen regional connectivity and global competitiveness.”
ADQ-AIH partnership to unlock opportunities for Azerbaijan’s growth
Ruslan Alikhanov, CEO of AIH, said: “Our partnership with ADQ marks an important step in unlocking new opportunities for Azerbaijan’s continued progress. Working together, we are channeling capital and expertise into key industries, fostering more diversified growth across the country.
“This collaboration fuels our ambitions for economic transformation, strengthens connections within the region, and helps position Azerbaijan as a dynamic participant on the global stage.”
Established in 2020, AIH manages and strengthens state-owned enterprises, supporting Azerbaijan’s economic modernisation through governance improvements, efficiency gains, and targeted investment.
Trade and investment ties between the UAE and Azerbaijan continue to grow, with non-oil trade rising 43 per cent year-on-year to reach $2.4bn in 2024. The UAE has invested over $1bn in Azerbaijan, highlighting a bilateral relationship that has endured since 1992.
Read: UAE and Azerbaijan sign CEPA to boost trade, investment ties
