Azerbaijan-Saudi Arabia business cooperation reached new milestones during the 6th Joint Business Council meeting held in Riyadh.
Parla Pharmaceuticals signed a memorandum of understanding with Saudi Arabia’s National Development Group Holding.
These deals mark a step forward in Azerbaijan-Saudi Arabia business cooperation across vital economic sectors.
The meeting brought together about 30 Azerbaijani company representatives and several Saudi business leaders.
Participants represented sectors including construction, logistics, services, tourism, design, industry, and renewable energy.
Azerbaijan-Saudi Arabia business cooperation aims to leverage joint opportunities and encourage private sector partnerships.
Discussions focused on boosting trade, co-developing projects, and sharing expertise across both markets.
Officials explored ways to strengthen ties through investment, innovation, and cross-border partnerships.
B2B (business-to-business) sessions allowed companies to directly explore collaboration opportunities.
A special presentation by ACWA Power showcased Saudi Arabia’s capabilities in the energy sector.
Azerbaijani firms expressed interest in further cooperation with ACWA on renewable energy projects.
Participants emphasized the importance of the Joint Business Council in supporting long-term strategic collaboration.
They highlighted the need to create new mechanisms for smoother communication between both business communities.
Azerbaijan-Saudi Arabia business cooperation is expected to expand through future rounds of sector-specific meetings and visits.
Both countries view the council as a platform to unlock wider economic potential and innovation-driven growth.
The Riyadh meeting concluded with mutual optimism and a shared commitment to building lasting economic ties.
