Baku: IHC, the global investment company, has concluded a strategic visit to Azerbaijan, led by H.H. Sheikh Zayed bin Hamdan bin Zayed Al Nahyan and Syed Basar Shueb, CEO of IHC. The visit aimed at enhancing cooperation across high-growth sectors and strengthening long-term strategic partnerships.
According to Emirates News Agency, the delegation met with Ilham Aliyev, President of the Republic of Azerbaijan, and Mikayil Jabbarov, Minister of Economy of Azerbaijan. Discussions centered on expanding economic ties, exploring joint investments, and advancing collaboration across priority sectors. The delegation included CEOs of IHC Group companies, such as Ali AlRashdi of International Resources Holding (IRH), Ajay Bhatia of Sirius International Holding, and Fouad Darwish of Palms Sports.
International Resources Holding engaged with Azerbaijani ministries on significant mining ventures, focusing on strategic minerals essential to global supply chains. The company aims to introduce advanced exploration capabilities and sustainable development practices to support Azerbaijan's resources sector.
Sirius reaffirmed its partnership through Esyasoft's USD 480 million smart gas network project with SOCAR, incorporating AI-enabled grid management and advanced digital infrastructure. Discussions also explored digital transformation in electricity and water, and smart grid infrastructure to support Azerbaijan's energy transformation.
Palms Sports, the official sponsor of Neft§i Football Club, is expanding its global footprint in Azerbaijan. The company is committed to broadening cooperation across football, combat sports, community programs, and athlete development.
H.H. Sheikh Zayed bin Hamdan bin Zayed Al Nahyan emphasized Azerbaijan's strategic importance to the UAE and the shared commitment to building lasting cooperation. Syed Basar Shueb highlighted the potential for growth in mining, energy digitalisation, and sports development.
The visit is expected to pave the way for expanded cooperation between the UAE and Azerbaijan across natural resources, digital infrastructure, and the sports industry, with IHC and its subsidiaries continuing to evaluate investment opportunities and partnerships.