Azerbaijan has invested about $350 million in the UAE economy, Azerbaijani Minister of Economy Mikayil Jabbarov said.
Jabbarov made the remark at the fourth meeting of the Azerbaijan-UAE Joint Intergovernmental Commission on Economic, Trade and Technical Cooperation in Baku.
“Some $2.2 billion were invested in the Azerbaijani economy by the UAE, of which $900 million were invested in the non-oil sector,” the minister added. “Presently, 340 UAE companies operate in Azerbaijan.” (Trend/Business World Magazine)