Entrepreneurs of the United Arab Emirates (UAE) can use conditions created in Azerbaijan’s industrial parks, Azerbaijani Economy Minister Shahin Mustafayev said.
Mustafayev made the remarks during his meeting with Majid Saif Al Ghurair, chairman of the Board of Dubai Chamber of Commerce and Industry, the Azerbaijani Economy Ministry said in a message.
There is also great potential for the creation of new processing enterprises with participation of investors from the UAE, the Azerbaijani minister noted.
Trade turnover between the UAE and Azerbaijan increased by 24% in January-September YoY, Mustafayev said adding that the two countries had great potential for expansion of ties in the spheres of agriculture, processing, tourism, transportation and petrochemicals.
The minister added that the completion of the first phase of the Baku International Sea Trade Port’s construction and the development of the North-South International Transport Corridor created big opportunities to increase the volume of freight traffic from the UAE.
He recalled that an export mission of Azerbaijani entrepreneurs, operating in the spheres of production of honey, meat and dairy products, fruit juices, mineral water, as well as fruit and vegetables cultivation, would visit Dubai in late November. Moreover, Azerbaijani entrepreneurs operating in the food industry will take part in the exhibition in Dubai from November 29 to December 1. (Trend/Business World Magazine)