UAE Economy Minister Sultan Bin Saeed Al Mansouri announced that the United Arab Emirates is interested in strengthening economic cooperation with Azerbaijan.
Al Mansouri stressed that the collaboration has been enhanced between the countries since 2008, particularly in tourism, transport, education, health, industry and agriculture.
“Trade turnover between the countries increased 57 per cent during the second half of this year. More than 120 Emirati companies operate in Azerbaijan. UAE investments in Azerbaijan amount to $200 million,» said Mansouri, adding “The role of the private sector in enhancing cooperation between UAE and Azerbaijan and called on the parties to improve the investment environment for the private sector.”
At the end of the meeting, Al Mansouri and Azerbaijani Economic Development Minister Shahin Mustafayev signed the final declaration.