UAE-based ADQ rolls out $1bn platform with Azerbaijan’s AIH; expansion to follow

UAE – Mubasher: The Abu Dhabi-based ADQ has formed a joint venture (JV) with Azerbaijan Investment Holding (AIH), a strategic sovereign wealth fund located in Baku, to launch a $1 billion worth of platform.

The new JV will focus on investments in sectors of mutual priority and interest like agriculture, technology, pharmaceuticals, and energy infrastructure, according to a press release.

Investments will mainly be concentrated in Azerbaijan, the UAE, and Central Asia. Meanwhile, the two entities plan potential expansion to other countries.

The UAE investment and holding company as well as AIH will hold equity ownership of 50% each with equal commitment of $500 million to the platform, which aims to leverage investment opportunities to generate sustainable financial returns on deployed capital.

Managing Director and CEO of ADQ, Mohamed Hassan Alsuwaidi, said: “The establishment of this joint investment platform not only strengthens the bilateral ties between our two countries but also underscores ADQ’s commitment to fostering meaningful partnerships in strategic markets that align with our investment priorities.”

Alsuwaidi added: “We are confident in the value and expertise we bring as an asset owner to the platform, which has the potential to unlock growth opportunities in sectors that play a key role in the development of target geographies.”

From his side, Mikayil Jabbarov, Minister of Economy of the Republic of Azerbaijan and Member of the Supervisory Board at AIH, noted: “This partnership reflects the significance of economic, political, and commercial relationships between the two countries.”

Jabbarov concluded: “The new fund will serve as an instrument of implementation of joint projects aimed at long-term development of both respective countries and the wider region.”

Source: Mubasher Source: {{details.article.source}}