UAE and Azerbaijan sign deal set to facilitate digital infrastructure investments

UAE and Azerbaijan sign deal set to facilitate digital infrastructure investments

ABU DHABI - The Ministry of Investment of the UAE and the Ministry of Digital Development and Transport of the Republic of Azerbaijan have signed a Memorandum of Understanding (MoU) aimed at strengthening the digital infrastructure in Azerbaijan with a focus on the development of data centers.

The MoU was signed by Mohamed Hassan Alsuwaidi, Minister of Investment of the UAE, and Rashad Nabiyev, Minister of Digital Development and Transport of the Republic of Azerbaijan.

Data centers are crucial to a country’s digital infrastructure as they provide a secure space for storing critical data and running applications.

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.

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. The MoU also suggests the introduction of incentives for relevant initiatives and will facilitate knowledge sharing.

Alsuwaidi said: “This agreement underscores the shared commitment