The UAE and Azerbaijan signed a CEPA to boost trade and cooperation in energy, logistics, and tourism. By 2031, the deal could add $680M to the UAE’s GDP and $300M to Azerbaijan’s. Non-oil trade hit $2.4B in 2024, with the UAE now the top Arab investor in Azerbaijan.
The UAE and Azerbaijan have signed a Comprehensive Economic Partnership Agreement (CEPA) to strengthen trade, investment, and innovation ties. The deal covers sectors like renewable energy, infrastructure, logistics, tourism, and construction, aligning with the UAE’s push for economic diversification and deeper access to Central Asian markets.
The agreement is projected to boost the UAE’s GDP by $680M and Azerbaijan’s by $300M by 2031. Non-oil trade between the two nations surged by 43% in 2024, reaching $2.4B—highlighting the momentum in bilateral economic relations.
With over $1B already invested, the UAE is now Azerbaijan’s largest Arab investor. Officials from both sides stated the agreement marks only the beginning of strategic cooperation in clean energy and future-oriented sectors.