UAE and Azerbaijan to enhance trade, investment co-operation

The Sharjah Chamber of Commerce and Industry (SCCI) hosted the first meeting of the UAE-Azerbaijan Business Council, bringing together representatives from the Federation of UAE Chambers of Commerce and Industry and the Small and Medium Business Development (KOBIA) of the Republic of Azerbaijan.

- Staff Reporter, Gulf Today

The meeting was chaired on the UAE side by Abdallah Sultan Al Owais, Vice Chairman of the Federation of UAE Chambers of Commerce and Industry and Chairman of SCCI.

The Azerbaijani delegation was led by Orkhan Mammadov, Chairman of Azerbaijan's Small and Medium Business Development Agency (KOBIA), with Council members from both countries in attendance.

During the meeting, discussions focused on ways to enhance trade and investment cooperation between the two sides, with emphasis on key sectors including transportation, energy, construction and interior design, textiles, timber industries, ICT, financial services, tourism, and educational institutions.

In his welcoming remarks, Abdallah Sultan Al Owais stated that the UAE and Azerbaijan maintain strong and steadily developing bilateral relations spanning multiple sectors, supported by a series of cooperation agreements and memoranda of understanding.

He emphasised the need to work toward further advancing trade and economic cooperation between the two countries, pointing to the mutual interest and commitment of both sides to elevating their partnership and pursue new avenues for growth and development.