Mikayil Jabbarov, Azerbaijan’s Minister of Economy, addressed a panel session of the OPEC Fund Development Forum in Vienna, Austria, and held bilateral meetings on the sidelines of the event.
Addressing the panel titled “Driving Resource Resilience,” Minister Jabbarov emphasized the importance of effectively leveraging the interlinkages between energy, water, and food systems. He underscored that adherence to sustainable development commitments, advancing decarbonization, fostering partnerships to accelerate climate action, and promoting the use of innovative solutions are essential to achieving long-term resilience and sustainability. Minister Jabbarov also briefed the participants on Azerbaijan’s efforts in the relevant areas.
During his meeting with Gerd Müller, Director General of the United Nations Industrial Development Organization (UNIDO), the discussions underscored the significance of Azerbaijan’s partnership with UNIDO in advancing a sustainable and inclusive economy. Mikayil Jabbarov shared insights into Azerbaijan’s key economic priorities, with discussions further focusing on current and prospective areas of cooperation.
Subsequently, the Azerbaijani Economy Minister met with Sultan Abdulrahman Al-Marshad, CEO of the Saudi Fund for Development. They hailed the development of economic cooperation, including collaboration in renewable energy, between Azerbaijan and Saudi Arabia. The officials stressed the significance of infrastructure projects implemented by the Fund in Azerbaijan. The discussions also revolved around the prospects for expanding investment cooperation in key sectors, including industry, green energy, digital infrastructure, transportation, logistics, and other strategic areas.
During the meeting with Waleed Al-Bahar, the Acting Director General of the Kuwait Fund for Arab Economic Development, the sides explored the development of cooperation between Azerbaijan and Kuwait in the fields of economy, trade, and investments. They exchanged views on expanding relations between Azerbaijan and the Fund and utilizing the Fund’s financial mechanisms. The meeting also reviewed the potential for investment cooperation in priority projects implemented in Azerbaijan.
