Azerbaijan Investment Holding and China's "FiberHome Telecommunication Technologies Co. Ltd." signed a Memorandum of Understanding on cooperation.

The signing ceremony was attended by Azerbaijan`s Minister of Economy Mikayil Jabbarov, Chief Executive Officer of Azerbaijan Investment Holding Ruslan Alikhanov, Chief Executive Officer of "FiberHome Telecommunication Technologies Co. Ltd" Hai Lan.

The meeting highlighted the National Priorities for Azerbaijan`s socio-economic development until 2030. The participants emphasized that successful cooperation with the world's leading companies has been established and important projects are being implemented to expand the use of "smart" technologies in the country.

The agreement signed today with the company specializing in telecommunications technologies will enhance cooperation in smart infrastructure, innovative mechanisms, and information technologies. It will also foster business partnerships between Azerbaijan and China, while driving the adoption of advanced business practices by the portfolio companies of the Azerbaijan Investment Holding.