Within the framework of the working visit of the President of the Republic of Azerbaijan, Mr. Ilham Aliyev, to the United States, the Minister of Economy, together with the President of SOCAR, held meetings with senior officials of “SpaceX” and “EXIM Bank,” during which discussions were held on the development of partnership.

Within the framework of the working visit of the President of the Republic of Azerbaijan, Mr. Ilham Aliyev, to the United States, Minister of Economy Mikayil Jabbarov, together with SOCAR President Rovshan Najaf, met with SpaceX Vice President Stephanie Bednarek.

Against the backdrop of global challenges and new trends, the sustainable development, potential, strategic development directions, and favorable investment climate of Azerbaijan’s economy were emphasized. It was noted that as a result of the diversification of the national economy, a solid foundation has been created for the development of sectors that encompass new knowledge and skills. This, in turn, accelerates the application of innovations and the expansion of digitalization in the economy.

At the meeting, prospects for cooperation with “SpaceX” were discussed, including opportunities for partnership in the application of innovative and space technologies, artificial intelligence solutions, as well as knowledge and experience transfer.

Within the framework of the Head of State's business visit to the United States, Minister of Economy Mikayil Jabbarov and SOCAR President Rovshan Najaf met with a delegation led by Dan Negrea, President and Chief Advisor of the Export-Import Bank of the United States (“EXIM Bank”).

At the meeting, information was provided on the achievements in economic development and diversification in Azerbaijan. Progress in high value-added sectors of the national economy, strengthening ties with foreign partners, and new opportunities opened for the implementation of major investment projects were highlighted. It was noted that the country’s strategic geographical location and the improvement of the quality of the business and investment environment create favorable conditions for investors.

The parties exchanged views on the possibilities of implementing tools that support the expansion of mutual trade relations and on deepening cooperation.