Emad, Masdar and XRG to sign 3 deals with Azerbaijan
The United Arab Emirates and Azerbaijan signed three strategic agreements to strengthen cooperation in the fields of investment and energy, in the presence of Ilham Aliyev and His Highness Sheikh Tahnoun bin Zayed. The agreements include expanding renewable energy projects, joint investment in the sectors of industry and infrastructure, as well as acquiring a stake in the Southern Gas Corridor. These agreements aim to diversify energy sources, enhance economic resilience, and explore investment opportunities ranging from 230 megawatts of solar energy to multiple gas projects in the region. The steps underscore both parties’ commitment to developing sustainable energy sources, achieving rewarding investment returns, and fostering long-term cooperation.
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