The UAE Ministry of Investment and Azeri Ministry of Digital Development and Transport have signed a MoU aimed at strengthening the digital infrastructure in Azerbaijan with a focus on the development of data centres.
Data centers are crucial to a country’s digital infrastructure as they provide a secure space for storing critical data and running applications, said the company in a statement.
In recent years, Azerbaijan has taken steps towards advancing the digital economy, among else 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.
Through the MoU with the UAE, the number of data centers in Azerbaijan is expected to rise significantly, said Mohamed Hassan Alsuwaidi, Minister of Investment of the UAE, after signing the deal with Rashad Nabiyev, Minister of Digital Development and Transport of the Republic of Azerbaijan.
The agreement underscores the shared commitment of the 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," stated Al Suwaidi.
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.
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, said Nabiyev.
The MoU also suggests the introduction of incentives for relevant initiatives and will facilitate knowledge sharing, stated the Azeri minister.
"Today, we signed the MoU on investment co-operation in data centre projects. I look forward to this Memorandum contributing to the strengthening of Azerbaijan's digital infrastructure and expansion of cooperation between our countries in this field," he added.-TradeArabia News Service
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