Azerbaijan invested $65.8 million in the economy of the United Arab Emirates in the first quarter of 2024, marking a significant increase of 2.9 times year-on-year Report informs, citing the Central Bank of Azerbaijan.

The share of Azerbaijan in the total investments in UAE’s economy rose from 7.8% to 19.9% during the reporting period.

Meanwhile, the UAE invested $190.7 million in the economy of Azerbaijan during January-March of 2024, representing an increase of 3.5 times from the corresponding period of 2023.