Energy and Metals Cooperation Between Lemad UAE and Azerbaijan

The sovereign investment company "Laamad," owned by the Abu Dhabi government, has signed a strategic cooperation agreement with Azerbaijan Holding Investment Company to explore joint investment opportunities in Azerbaijan and Central Asia. The agreement aims to identify and invest in key sectors such as minerals, energy, infrastructure, and transportation, with a focus on strengthening supply chains and developing strategic projects, particularly in critical minerals and energy. This step comes as part of the expanding economic relations between the UAE and Azerbaijan, with bilateral trade having grown by 120% over the past three years, while continuing to concentrate on strategic sectors and infrastructure to promote trade and economic growth.

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