Azerbaijan said it's conducting due diligence ahead of a potential $250–270 million investment in Israeli desalination company IDE Technologies, according to reports. The state investment company, Azerbaijan Investment Holding (AIH), is reportedly exploring the purchase of a 30% stake in the firm.
If the deal goes through, it would mark Azerbaijan’s second significant state investment in Israeli infrastructure. Last summer, Azerbaijan’s state oil company SOCAR acquired a 10% stake in the Tamar gas field for $1.25 billion.
The potential investment continues a longstanding trend of Azerbaijani-Israeli cooperation in water technology and infrastructure, which dates back to 2022, when Azerbaijan Investment Company signed a Memorandum of Understanding with IDE Water Assets Ltd on a desalination project in Azerbaijan.
Analysts note that Azerbaijan has increased foreign investment in Israel, with more than $542 million invested in the first half of 2025 alone, reflecting growing economic ties between the two countries.
This potential stake in IDE aligns with Azerbaijan’s broader strategy of expanding strategic foreign investments, including in water, energy, and high-tech infrastructure projects.
IDE Technologies is Israel’s largest desalination company and one of the largest globally, responsible for constructing almost all of Israel’s desalination plants except the Palmachim facility.
The company currently holds about 20% of Israel’s desalination market, including a 50% stake in the Hadera plant with an annual capacity of 127 million cubic metres, and ownership of the Sorek‑2 plant.
The company is also building a new facility in Western Galilee, expected to produce 100 million cubic metres per year when completed in 2027. Combined with the planned expansion of Sorek‑2, IDE’s share of Israel’s desalination market could rise to 45% say experts.
IDE’s existing shareholders include Israeli businessmen Avshalom Felber and Amir Lang, insurance companies Clal, Ayalon and Hachshara, the investment house Meitav Dash, and a pension fund for teachers and kindergarten educators.
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Fore...
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 13 June, covering the latest developments you need to know....
As the 2026 World Cup kicked off on 11 June across North America, U.S. visa restrictions and travel policies have made it impossible for supporters, ...
Every June, roughly 13 million young people in China sit down at the same time to take the same test. They have been preparing for it, in many cases, ...
European museums are increasingly returning cultural artefacts to countries in Africa and the Middle East, as pressure grows to address the legacy of ...
Armenia has every right to choose Europe. But Europe’s support for Armenia’s direction should not become automatic approval of its political process.
The global race to develop quantum computing is accelerating, with governments and technology firms investing heavily in what is expected to become a major new computing era.
Domestic economic conditions are playing a growing role in shaping the outlook for Azerbaijan, Armenia, Kazakhstan and Uzbekistan, according to global financial services group ING.
Azerbaijan dispatched 17 railway wagons carrying 984 tonnes of diesel fuel to Armenia on Thursday, marking the latest shipment in growing trade between the two countries.
SpaceX has made history with the largest initial public offering ever in the United States, pricing its shares at $135 each and achieving a market valuation of $1.77 trillion.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
Pakistan has warned that any attempt by India to block or significantly reduce river flows under the Indus Waters Treaty could have “far-reaching consequences”, after India's water minister said New Delhi was working to ensure that “not a single drop” of water reaches Pakistan in the coming years.
Armenia has every right to choose Europe. But Europe’s support for Armenia’s direction should not become automatic approval of its political process.
While France hosts next week’s Group of Seven summit, businesses in neighbouring Switzerland have already begun taking precautions, with many shops in Geneva boarded up ahead of a large anti-G7 demonstration expected on Sunday.
Uzbekistan will launch a new digital financial platform from 1 July aimed at simplifying access to finance for entrepreneurs, as part of broader efforts to support small businesses, encourage innovation and accelerate private sector development.
Pakistan has warned that any attempt by India to block or significantly reduce river flows under the Indus Waters Treaty could have “far-reaching consequences”, after India's water minister said New Delhi was working to ensure that “not a single drop” of water reaches Pakistan in the coming years.
The global race to develop quantum computing is accelerating, with governments and technology firms investing heavily in what is expected to become a major new computing era.
Japan’s birth rate and fertility levels have fallen to their lowest levels on record, highlighting the country’s worsening demographic crisis as fewer people marry and have children.
Iran said no final decision has been made on a proposed agreement with Washington, despite suggestions from U.S. President Donald Trump that a deal could soon be signed in a European capital.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment