BAKU, Azerbaijan, January 26. The Azerbaijan-Israel Business Forum was held in Baku, Trend reports.
The event was attended by Azerbaijan's Minister of Economy Mikayil Jabbarov, Israel's Minister of Foreign Affairs Gideon Sa'ar, and Executive Director of the Azerbaijan Export and Investment Promotion Agency (AZPROMO) Yusif Abdullayev.
Speaking at the event, Mikayil Jabbarov emphasized that Azerbaijan and Israel possess a solid foundation of political trust, Azerbaijani Minister of Economy Mikayil Jabbarov said during the Azerbaijan-Israel Business Forum in Baku.
“Political trust and constructive dialogue between Azerbaijan and Israel have been shaped by years of engagement at both political and institutional levels. High-level contacts remain crucial in strengthening bilateral relations. Last week’s meeting between the presidents of both countries at the World Economic Forum in Davos highlighted the steady development of Azerbaijan-Israel relations across a broad spectrum of areas and pointed to promising opportunities for further cooperation,” Jabbarov said.
Jabbarov emphasized that deepening economic ties with Israel remains a strategic priority for Azerbaijan, pursued through a practical and results-oriented approach in sectors of mutual interest. He also noted ongoing efforts to reinforce the bilateral legal and contractual framework that underpins cooperation.
He added that the volume of mutual investments between Azerbaijan and Israel amounts to approximately $600 million.
“Our cooperation is supported by agreements on the promotion and mutual protection of investments, as well as on the avoidance of double taxation, which form a solid legal basis for expanding business ties. Currently, 130 commercial structures with Israeli capital are operating in Azerbaijan,” he said.
The minister noted that the two countries have built a strong and pragmatic partnership that has yielded tangible results in a wide range of sectors.
Yusif Abdullayev mentioned that Azerbaijani companies will be provided with information on potential infrastructure projects in Israel.
Abdullayev noted that an agreement had been reached with Israeli counterparts regarding the dissemination of information provided by Israel’s Ministry of Finance on upcoming infrastructure projects in the country.
“Together with our colleagues from Israel, we agreed on the information to be shared by Israel’s Ministry of Finance regarding forthcoming infrastructure projects. We will distribute this information among Azerbaijani companies to raise awareness of potential partnerships,” Abdullayev said.
He added that AZPROMO also discussed practical steps with Israeli partners aimed at attracting Azerbaijani companies to industrial infrastructure projects in Israel.
“We agreed on aligning a development-oriented business agenda for Israel and identifying companies that may be interested in further deepening cooperation,” Abdullayev noted.
Gideon Sa'ar noted that Azerbaijan and Israel intend to raise their strategic partnership to a new level.
"We strive to increase mutual investment and develop people-to-people contacts. I'm confident we'll succeed," he mentioned.
According to the minister, Israel and Azerbaijan are pillars of stability in their regions and have developed economies.
Sa'ar noted that trade between the countries increased by approximately 50% in 2025, exceeding $360 million.
"I'm confident that next year and in the years to come, these figures will be even higher, but this growth is already significant," the minister explained.
According to him, Azerbaijan holds an important regional position and boasts a key geographic location.
