On the occasion of the official visit of the President of Uzbekistan to Baku, the Azerbaijan–Uzbekistan Investment Company (AUIC) sees a significant opportunity to strengthen economic cooperation between the two countries.

Currently, 280 enterprises are operating in Uzbekistan with Azerbaijani capital. Understanding the evolving trade dynamics between Uzbekistan and Azerbaijan is crucial for fostering stronger economic ties. Each year, the mix of exported and imported goods shifts, reflecting changing demands and priorities.

During the visit, the leaders of both nations engaged in comprehensive discussions on international and regional developments, as well as plans for future cooperation. They expressed strong interest in exchanging expertise on the development of free economic zones and improvements to tax administration systems. Additionally, both sides emphasized the importance of expanding cultural and humanitarian exchanges, recognizing their role in deepening bilateral relations and mutual understanding.

The recent adoption of the Law of the Republic of Uzbekistan on the Ratification of the Treaty on Allied Relations between the Republic of Uzbekistan and the Republic of Azerbaijan represents a major milestone in formalizing the alliance and promoting mutual growth.

The inaugural Uzbek–Azerbaijani Interparliamentary Forum, held in Khiva, marked another step toward implementing agreements made at the highest levels of government. Members of Uzbekistan’s Oliy Majlis and Azerbaijan’s Milli Mejlis, along with youth parliament representatives from both countries, engaged in productive discussions to identify areas of joint opportunity.

The proposals presented by both delegations align closely with AUIC’s mission: to increase investment attractiveness and support sustainable economic growth in both countries.

In June, Baku hosted the 14th meeting of the Joint Intergovernmental Commission on Cooperation between Uzbekistan and Azerbaijan, where both sides reaffirmed that investment cooperation remains a top priority. AUIC is creating new opportunities for joint project financing not only within the two countries but also in the broader regional context. The company is currently reviewing 15 promising projects across various sectors.

“Our main focus is to provide equal financing to private companies in Uzbekistan and Azerbaijan, with direct investments ranging from $1 million to $25 million,” said Nazim Gadzhiev, CEO of the Azerbaijan–Uzbekistan Investment Company. “We aim to finalize at least 10–15 deals each year, with 6 transactions expected this year. By investing in sectors such as education, healthcare, and manufacturing—and by supporting Uzbek entrepreneurs as they expand into Azerbaijan—we are confident that our growing capital base will significantly contribute to the economic development and cooperation between our two countries.”

AUIC continues to evaluate new investment opportunities across key sectors, building on an initial portfolio of approved projects exceeding $80 million.

In all of its investment activities, AUIC adheres to principles that ensure sustainability, strategic alignment, and long-term impact. By prioritizing these values, the company seeks not only to generate financial returns but also to support inclusive and lasting development across the region.

AUIC remains committed to cultivating strategic partnerships that promote innovation and sustainable growth in both countries and beyond.