ADQ and Azerbaijan Investment Holding (AIH) established a USD 1 bn joint investment fund,aiming to generate sustainable returns in sectors of mutual priority, according to a press release. The entities share a 50-50 interest in the JV, each padding the platform with USD 500 mn.

Investment targets include agriculture, technology, pharma, and energy infrastructure. The JV aims to tap other investment markets in the near future, according to the press release. “The new fund will serve as an instrument of implementation of joint projects aimed at long-term development of both respective countries and the wider region,” said Azerbaijan Economy Minister Mikayil Jabbarov.

About ADQ: ADQ is one of the region’s largest holdings and encompasses over 25 Emirati sectors. The Abu Dhabi investment vehicle drove 22% of the Emirate’s non-oil growth in 2022.

About AIH: AIH is a sovereign wealth fund in Baku that is actively financing long-term development in Azerbaijan. The fund holds USD 22 tn in assets, according to SWFI Institute data.

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