On July 7, 2021 a Memorandum of Understanding on cooperation was signed between Azerbaijan Investment Company (AIC) and the JTA International Holding of Qatar.
In accordance with the document, the companies will enhance cooperation with the aim of developing joint activities based on the mutual interest and experience of both countries.
The Memorandum of Understanding was signed for the term of 3 years.
Established in 2010, JTA International Holding Company is investing in various spheres of economy and is engaged in such businesses as technology, industry, food production, steel production, oil and gas, mining, construction, consultancy, artificial intelligence and innovation solutions and others.
JTA International Holding with headquarter in Qatar, manages 32 foreign offices over the world.
Azerbaijan Investment Company OJSC was established by the Decree of the President of the Republic of Azerbaijan On Additional Measures to Promote Investment Activity dated March 30, 2006.
The main goal of AIC is to make short-term investments in the commercial enterprises of Azerbaijan and to contribute to the development of non-oil sector at its own expense and by attracting other investors.