Cooperation will be established with a Chinese telecommunications technology company in the direction of implementing "smart" technologies.
A Memorandum of Understanding on cooperation was signed between the Azerbaijan Investment Holding and China’s "FiberHome Telecommunication Technologies Co., Ltd." At the related event, Minister of Economy Mikayil Jabbarov, Chief Executive Officer of the Azerbaijan Investment Holding Ruslan Alikhanov, and CEO of "FiberHome Telecommunication Technologies Co., Ltd." Hai Lan participated.
At the event, information was provided about Azerbaijan’s National Priorities for socio-economic development until 2030, highlighting the goal of transforming the country into a hub for modern innovations. It was noted that successful cooperation with leading global companies has been established to expand the application of "smart" technologies in the country, with significant projects being implemented.
The execution of the document signed today with the telecommunications technology company will strengthen cooperation between the parties in areas such as smart infrastructure, innovative mechanisms, and information technologies. This will contribute to promoting business partnerships between Azerbaijan and China, as well as fostering the adoption of advanced business practices by the portfolio companies of the Azerbaijan Investment Holding.
It should be noted that "FiberHome Telecommunication Technologies Co., Ltd." is one of China's major telecommunications technology companies, operating since 1999, and is also one of the world's largest fiber-optic cable manufacturers. The company has a broad product portfolio, which includes optical transmission systems, IP networks, data centers, and modern network infrastructure solutions, and it sells its products and services in more than 90 countries around the world.
