Abu Dhabi-based investment and holding company, ADQ, and Azerbaijan Investment Holding (AIH), a sovereign wealth fund, have formed a joint investment platform.
The joint venture will focus on investments in sectors of mutual priority and interest, such as agriculture, technology, pharmaceuticals and energy infrastructure.
ADQ and AIH will each hold a 50 per cent interest in the venture, with each party committing $500 million to the platform.
"The establishment of this joint investment platform not only strengthens the bilateral ties between our two countries but also underscores ADQ’s commitment to fostering meaningful partnerships in strategic markets that align with our investment priorities," said Mohamed Hassan Alsuwaidi, Managing Director and Chief Executive Officer of ADQ.
"This partnership reflects the significance of economic, political and commercial relationships between the two countries," added Mikayil Jabbarov, Minister of Economy of Azerbaijan and Member of the Supervisory Board at AIH.
US starts collecting Trump's new 10% tariff
Nasdaq set to confirm bear market as Trump tariffs trigger recession fears
Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field
China to impose tariffs of 34% on all US goods
Shares bruised, dollar crumbles as Trump tariffs stir recession fears
