Over 130 Israeli firms operate in Azerbaijan

More than 130 Israeli-invested commercial entities are currently operating in Azerbaijan, with the volume of mutual investments amounting to around $600 million, Economy Minister Mikayil Jabbarov said at the Azerbaijan–Israel Business Forum in Baku.

According to him, relations between the two countries are built on political trust and long-term institutional cooperation and have a strategic character.

“To date, Azerbaijan and Israel have signed 23 bilateral agreements, creating a solid legal framework for the promotion and mutual protection of investments, as well as the elimination of double taxation,” the minister said.

Jabbarov noted that intensive contacts were held throughout 2025 in the fields of industry, biotechnology, agriculture, food solutions and investment projects, while the fourth meeting of the Joint Intergovernmental Commission proved productive.

Calling energy one of the key areas of cooperation, the minister said Azerbaijan acts not only as a supplier but also as a significant investor in Israel’s energy sector. He noted that a joint development agreement on gas exploration in Israel’s exclusive economic zone was signed on December 27, 2025, and preparations for seismic surveys and drilling are currently under way.

He also described the acquisition of a 10% stake in the Tamar gas field as an important indicator of the Azerbaijan–Israel energy partnership.

Jabbarov added that cooperation is expanding in water resource management, the use of alternative water sources and efficient water consumption in agriculture, with the Israel–Azerbaijan Chamber of Commerce and Industry playing a key role in developing business ties.

According to the minister, Azerbaijan is strengthening its position as a regional logistics and transit hub through the Middle Corridor and the Zangezur Corridor (TRIPP).

He also said Azerbaijan’s external public debt stands at 6.3% of GDP, while foreign exchange reserves exceed GDP, ensuring macroeconomic stability and a favorable environment for investors.

N.Tebrizli