UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Azerbaijan's leader Ilham Aliyev witnessed the signing of a number of MoUs related to vital fields in renewable energy and finance.
During meetings held at Zuğulba Presidential Palace, Sheikh Mohamed highlighted that non-oil trade volume between the two countries has multiplied in recent years, reflecting significant progress towards bolstering the UAE-Azerbaijan partnership.
The leaders also exchanged views on a number of regional and international issues of mutual interest, with a special focus on Azerbaijan's hosting of the UN Climate Conference COP29 this year.
Sheikh Mohamed welcomed the recent peace agreement between Azerbaijan and Armenia, affirming the UAE's approach in supporting peace, stability, and development in the region and the need to focus on dialogue while resolving disputes peacefully.
On his part, Aliyev commended the strategic developmental projects undertaken by the UAE in Azerbaijan, noting that the Garadagh Solar Photovoltaic (PV) Power Plant launched by Masdar (Abu Dhabi Future Energy Company) is the region's largest operational facility of its kind.
An official reception was held at the Zuğulba Presidential Palace, where a guard of honour was accorded to the UAE President, and the national anthems of both countries were played.
Aliyev also hosted a dinner banquet for the UAE leader and his high-level delegation.
More details on new MoUs
The leaders oversaw the exchange of memoranda of understanding and a letter of intent between the two countries.
The agreements included:
• Memorandum for cooperation between UAE Ministry of Finance and Ministry of Finance of Azerbaijan
• Memorandum for collaboration between Anwar Gargash Diplomatic Academy and Azerbaijan Diplomatic Academy
• Letter of intent between the UAE Ministry of Climate Change and Environment and the Ministry of Ecology and Natural Resources of Azerbaijan
• Memorandum on investment cooperation in power transmission projects
• Strategic collaboration for green energy export
• Roadmap for implementation of a 1GW renewable energy project
• Strategic cooperation agreement between Abu Dhabi National Oil Company (ADNOC) and the State Oil Company of Azerbaijan Republic (SOCAR) to deepen collaboration to advance a secure, reliable, and responsible supply of energy that supports a just, orderly and equitable global energy transition
On behalf of the UAE, the memoranda and agreements were exchanged by His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and Jeyhun Bayramov, Minister of Foreign Affairs in Azerbaijan.
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