Baku: Azerbaijan has identified several economic sectors for mutual investment with Israel, as stated by Azerbaijani Minister of Economy Mikayil Jabbarov during the Azerbaijan-Israel business forum. Currently, 130 commercial entities are operating in Azerbaijan with investments from Israel. The total volume of investments between the two countries stands at approximately $600 million.

According to Azeri-Press News Agency, Minister Jabbarov highlighted the robust partnership between Azerbaijan and Israel, which spans multiple sectors. This collaboration is exemplified by the strategic cooperation agreement between the Azerbaijan Business Development Fund and Israel's OurCrowd. The focus is on expanding technology and business ties in areas such as energy, healthcare, cybersecurity, agro-food, and education technology.

The energy sector holds a significant position in this partnership, with Azerbaijan not only supplying Israel's energy sector but also acting as a key investor. The State Oil Company of Azerbaijan Republic (SOCAR), together with British Petroleum and other partners, has acquired licenses for gas exploration in Israel's exclusive economic zone. A joint development agreement was signed on December 27, 2025, with ongoing seismic and preparatory works for drilling.

Minister Jabbarov noted that the acquisition of a 10% stake in the Tamar gas field is a testament to the strengthened partnership. Furthermore, Israeli companies are active in Azerbaijan's pharmaceutical sector, and there are efforts to enhance activities in water resource management and alternative water source utilization. Negotiations are also underway to improve the efficient reuse of water in agricultural production.

The minister emphasized the role of the Israel-Azerbaijan Chamber of Commerce and Industry as a crucial platform for fostering business ties and investments between the two nations.