Azerbaijan's trade sector to get $5-million boost with UAE-Qatar partnership

Baku has witnessed a significant boost in its trade sector today with the signing of a strategic partnership agreement between Green Capital Management Company and Al Baladi Holdings.

The deal, formalized in a ceremony attended by key figures from both organizations, outlines a $5 million investment aimed at enhancing Azerbaijan’s retail landscape, Caliber.Az reports, citing local media.

The agreement was signed by Adnan Ahmedzada and Khayal Gayibov, shareholders of Green Capital Management, alongside Mohammed Abdullah Hamad Al Ibrahim Al Attiyah, owner and president of Al Baladi Holdings, and Hani Al Sayadi, the executive director of the Qatari conglomerate.

This strategic partnership will fund the establishment of new retail chains in Baku, expected to create numerous job opportunities and stimulate economic growth in the region. The investment will primarily support the expansion of Go Crispy and Tea Time, two popular brands known for their distinctive offerings.

As part of the agreement, Green Capital Management and Al Baladi Holdings will work together to broaden the reach of these brands, aiming to open over 405 new branches across 27 countries in the near future. This initiative is expected to significantly enhance the international presence of Go Crispy and Tea Time, further solidifying Azerbaijan's position as a growing hub for global trade and investment.