As part of a visit to China, an Azerbaijani delegation led by Shahin Babayev, Executive Director of AZCON Holding, met with a delegation headed by Konstantin Limitovskiy, Chief Investment Officer for Public Sector (Region 2) & Project and Corporate Finance (Global) Clients [CIO2] at the Asian Infrastructure Investment Bank (AIIB).

The discussions focused on expanding cooperation to explore financing and investment opportunities in transport and telecommunications infrastructure.

At the conclusion of the meeting, AZCON Holding and the AIIB signed a Memorandum of Understanding establishing a framework for cooperation on identifying, developing, and implementing investment projects in Azerbaijan’s transport and telecommunications sectors.

During the March 9–13 visit, Shahin Babayev’s delegation also held meetings to discuss potential cooperation areas, review existing projects, and explore future partnership prospects.