Azerbaijani investment company inks several agreements within COP29

The Investment Company (AIC) under the Economy Ministry of Azerbaijan has signed several agreements with foreign partners on the sidelines of COP29, Report informs.

The agreements aim to implement projects in the field of green economy and promote sustainable development and innovation.

A Memorandum of Understanding was signed with Turkish company Dias Bilişim ve Teknoloji Hizmetleri A.Ş. regarding the Deposit Management System project. This cooperation will cover the collection of plastic and glass containers and the organization of the Deposit Management System in Azerbaijan.

A Memorandum of Understanding was also signed with British company Carbonbit Technologies for joint work in developing and commercializing carbon technologies. The document provides for the development of carbon technologies in Azerbaijan.

AIC also signed a memorandum with Masdar (UAE) and Volts (a BP subsidiary) companies, along with several other agreements.