Abu Dhabi: The Ministry of Investment of the UAE and the Ministry of Digital Development and Transport of the Republic of Azerbaijan have signed a Memorandum of Understanding (MoU) aimed at strengthening Azerbaijan’s digital infrastructure, with a particular focus on data center development.
The MoU was signed by Mr. Mohamed Hassan Alsuwaidi, Minister of Investment of the UAE, and Mr. Rashad Nabiyev, Minister of Digital Development and Transport of the Republic of Azerbaijan.
Data centers are crucial to a country’s digital infrastructure, as they provide a secure space for storing critical data and running applications. In recent years, Azerbaijan has taken steps towards advancing the digital economy, among other things, through the centralization of e-services and the digitization of public services. The government’s social and economic strategy also features digital transformation as one of its priority areas.
To ensure close and impactful collaboration, a key aspect of the agreement is building relationships among public and private sector organizations in the UAE and Azerbaijan. The MoU also suggests the introduction of incentives for relevant initiatives and will facilitate knowledge sharing.
Mr. Mohamed Hassan Alsuwaidi, Minister of Investment of the UAE, stated, “This agreement underscores the shared commitment of our two countries to enhance bilateral cooperation with a focus on mutually beneficial initiatives. As a nation dedicated to creating value for its partners, the UAE continues to explore and leverage opportunities to promote the advancement of sectors that shape a prosperous future for generations to come.”
The UAE and the Republic of Azerbaijan have maintained diplomatic relations since 1992. Trade between the two countries has steadily increased over the past five years.