BAKU, Azerbaijan, February 25. First Deputy
Minister of Economy of Azerbaijan, Elnur Aliyev, during his visit
to Saudi Arabia’s Jeddah, met with President of the Islamic
Development Bank (IsDB) Group Muhammad Sulaiman Al Jasser to
discuss the expansion of bilateral cooperation, Trend reports, citing the
Ministry of Economy.
During the meeting, it was emphasized that the collaboration
between Azerbaijan and the IsDB Group has been progressing
effectively. Notably, with the support of the IsDB, Azerbaijan’s
engagement with the Arab Coordination Group has deepened,
particularly in the context of priority infrastructure
projects.
The discussions also highlighted the significance of Azerbaijan
hosting the IsDB Group’s Annual Meeting this year, following a
16-year hiatus. This prestigious event is expected to provide a
substantial boost to Azerbaijan’s partnerships with international
financial institutions.
The importance of the partnership agreement signed with the IsDB
for the “Construction of the Main Irrigation Canal from the Maiden
Tower Reservoir” in the recently liberated territories was
underscored, with particular emphasis on its role in fostering
sustainable regional development and unlocking the agrarian
potential of the area.
The parties also deliberated on potential projects and
investment opportunities across key sectors, including energy,
infrastructure, transport, agriculture, water resource management,
and more.
Elnur Aliyev further met with IsDB Vice President Rami Ahmad,
where the pivotal role of joint projects with the IsDB and other
entities within the Arab Coordination Group in advancing
Azerbaijan’s economic and infrastructure development was
reiterated. The sides acknowledged the substantial potential for
expanding their cooperation, particularly in light of the
forthcoming IsDB Group Annual Meetings to be held in Baku.
As part of his visit, Elnur Aliyev also attended an exhibition
organized by the IsDB Group in Jeddah, where various projects
funded by the Group’s institutions were showcased, alongside
partnership opportunities. Information on climate financing,
support for small and medium-sized enterprises, and efforts to
strengthen trade and investment ties among member countries was
also presented.
As part of his visit, Elnur Aliyev also attended the official
premiere of a documentary marking the fiftieth anniversary of the
IsDB. The film chronicles the Bank’s history, highlights its core
operational principles, and showcases its pivotal role in the
socio-economic development of member states through the successful
implementation of various projects.
