The ministers of economy, trade and investment of Arab countries, Central Asian states, and Azerbaijan met on the sidelines of the first edition of “Conference on Arab Business and Investment with the Countries of Central Asia and Azerbaijan,” held on February 26-27 at Investopia 2025 in Abu Dhabi.
Publish dateSaturday 1 March 2025 - 12:49
According to Amac News, the ministers discussed ways to strengthen economic and investment cooperation between the countries and stressed the importance of economic integration and investment in related sectors.
The conference was held under the theme “Towards Sustainable Cooperation and Partnership” and was chaired by Mansour bin Zayed Al Nahyan, Vice President, Prime Minister and Chairman of the Presidential Council of the UAE.
The meeting was organized by the UAE in cooperation with the General Secretariat of the League of Arab States (LAS), and followed a memorandum of understanding signed between the LAS, Central Asian countries and the Republic of Azerbaijan at the first session of the “Arab Economic Cooperation Forum with Central Asian Countries and the Republic of Azerbaijan” held in the Kingdom of Saudi Arabia in 2014.
The conference also reflects the provisions of the “Doha Declaration 2024”, issued in Qatar in 2024, which encouraged the establishment of an Arab-Central Asian-Azerbaijani Economic Partnership.
They stressed that the “Doha Declaration 2024” provides a strong foundation for a sustainable and fruitful economic partnership between the Arabs, Central Asia and Azerbaijan.
The ministers stressed the importance of strategic relations between the countries and coordination in key economic sectors such as energy security, renewable energy and green solutions, sustainable development, supply chain resilience, transport, communications, food security, water security, tourism and digital transformation, as well as expanding investment in these areas.
They also emphasized the historical and cultural ties between the countries and the importance of scientific and educational exchanges in promoting greater mutual understanding and cooperation.
The ministers noted the vast natural resources and investment opportunities in the energy, mining and petrochemical sectors in the Arab countries, Central Asia and Azerbaijan.
They supported ongoing efforts to strengthen trade and economic cooperation and encourage investment between their countries in order to achieve mutual benefits.
The ministers stressed the importance of developing connected transport routes, strong logistics and trade networks between the two regions to facilitate the movement of goods and people, and expressed their support for infrastructure projects in Central Asia and Azerbaijan, such as the “Caspian International Transit Transport Route” (Middle Corridor).
They called for strengthening cooperation in the areas of green economy, digital economy, artificial intelligence, financial technology and research and innovation, and encouraged joint investments in these strategic areas between the countries.
The Ministers stressed the importance of cooperation in environmental protection, climate action and the protection of glaciers and water resources, and expressed their readiness to share experiences in water resource management and sustainable solutions to address water scarcity.
They noted the importance of cooperation in the areas of health, poverty reduction and economic inclusion, including the empowerment of women and youth, and the promotion of the rights of persons with disabilities and older persons.
The Ministers appreciated the leading role of the participating countries in combating climate change and supporting international efforts in this regard, as demonstrated by the hosting of three consecutive Conferences of the Parties in Egypt (COP27), the UAE (COP28) and Azerbaijan (COP29) and the initiatives of the Action Plan to align climate action with sustainable development.
They reaffirmed their commitment to continuous dialogue and strategic policy-making to foster a long-term Arab-Central Asian-Azerbaijani economic partnership that contributes to regional development and increased prosperity for their peoples.
The Ministers appreciated the format of the LAS, Central Asia and Azerbaijan to strengthen multilateral cooperation and stressed the importance of continuing cooperation between their countries in international forums and organizations to address global economic challenges.
They emphasized the role of the platform in strengthening economic and investment relations and called for the establishment of a common database of private sector representatives from both regions to facilitate communication, strengthen industrial linkages and increase trade and investment flows.
The Ministers commended the UAE for hosting and organizing, in cooperation with the LAS General Secretariat, the first edition of the conference.
They looked forward to holding the second edition of the “Arab Business and Investment Conference with Central Asian Countries and Azerbaijan” in 2027 in one of the Central Asian countries and Azerbaijan, which will include tangible outcomes and recommendations.
The conference was held under the theme “Towards Sustainable Cooperation and Partnership” and was chaired by Mansour bin Zayed Al Nahyan, Vice President, Prime Minister and Chairman of the Presidential Council of the UAE.
The meeting was organized by the UAE in cooperation with the General Secretariat of the League of Arab States (LAS), and followed a memorandum of understanding signed between the LAS, Central Asian countries and the Republic of Azerbaijan at the first session of the “Arab Economic Cooperation Forum with Central Asian Countries and the Republic of Azerbaijan” held in the Kingdom of Saudi Arabia in 2014.
The conference also reflects the provisions of the “Doha Declaration 2024”, issued in Qatar in 2024, which encouraged the establishment of an Arab-Central Asian-Azerbaijani Economic Partnership.
They stressed that the “Doha Declaration 2024” provides a strong foundation for a sustainable and fruitful economic partnership between the Arabs, Central Asia and Azerbaijan.
The ministers stressed the importance of strategic relations between the countries and coordination in key economic sectors such as energy security, renewable energy and green solutions, sustainable development, supply chain resilience, transport, communications, food security, water security, tourism and digital transformation, as well as expanding investment in these areas.
They also emphasized the historical and cultural ties between the countries and the importance of scientific and educational exchanges in promoting greater mutual understanding and cooperation.
The ministers noted the vast natural resources and investment opportunities in the energy, mining and petrochemical sectors in the Arab countries, Central Asia and Azerbaijan.
They supported ongoing efforts to strengthen trade and economic cooperation and encourage investment between their countries in order to achieve mutual benefits.
The ministers stressed the importance of developing connected transport routes, strong logistics and trade networks between the two regions to facilitate the movement of goods and people, and expressed their support for infrastructure projects in Central Asia and Azerbaijan, such as the “Caspian International Transit Transport Route” (Middle Corridor).
They called for strengthening cooperation in the areas of green economy, digital economy, artificial intelligence, financial technology and research and innovation, and encouraged joint investments in these strategic areas between the countries.
The Ministers stressed the importance of cooperation in environmental protection, climate action and the protection of glaciers and water resources, and expressed their readiness to share experiences in water resource management and sustainable solutions to address water scarcity.
They noted the importance of cooperation in the areas of health, poverty reduction and economic inclusion, including the empowerment of women and youth, and the promotion of the rights of persons with disabilities and older persons.
The Ministers appreciated the leading role of the participating countries in combating climate change and supporting international efforts in this regard, as demonstrated by the hosting of three consecutive Conferences of the Parties in Egypt (COP27), the UAE (COP28) and Azerbaijan (COP29) and the initiatives of the Action Plan to align climate action with sustainable development.
They reaffirmed their commitment to continuous dialogue and strategic policy-making to foster a long-term Arab-Central Asian-Azerbaijani economic partnership that contributes to regional development and increased prosperity for their peoples.
The Ministers appreciated the format of the LAS, Central Asia and Azerbaijan to strengthen multilateral cooperation and stressed the importance of continuing cooperation between their countries in international forums and organizations to address global economic challenges.
They emphasized the role of the platform in strengthening economic and investment relations and called for the establishment of a common database of private sector representatives from both regions to facilitate communication, strengthen industrial linkages and increase trade and investment flows.
The Ministers commended the UAE for hosting and organizing, in cooperation with the LAS General Secretariat, the first edition of the conference.
They looked forward to holding the second edition of the “Arab Business and Investment Conference with Central Asian Countries and Azerbaijan” in 2027 in one of the Central Asian countries and Azerbaijan, which will include tangible outcomes and recommendations.
amacnews.com/vdch.znxt23nvv10d2.html
Source : news agency wam
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