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.
An explosion at a steel plate factory in China's northern region of Inner Mongolia killed two people and injured 84, Inner Mongolia Baotou Steel Union...
Russian President Vladimir Putin has been invited to join his U.S. counterpart's Gaza Board of Peace, the Kremlin says. Moscow says it is studying the...
Kazakhstan has agreed to become a founding member of the proposed “Board of Peace” for Gaza launched by U.S. President Donald Trump....
A fresh consignment of precision-guided munitions has departed from the Indian city of Nagpur bound for Yerevan, marking the latest phase in the rapid...
Fourteen people have been killed after a massive fire tore through a shopping centre in Karachi’s historic downtown, authorities said, as emergency ...
Speaking on Armenian public radio on 9 January, Armenia’s Minister of Economy Gevorg Papoyan made some important announcements for 2026. Among them, discussions between Yerevan and Baku over the range of products Armenia can potentially export to Azerbaijan.
Media accreditation has opened for the 13th session of the World Urban Forum, the United Nations’ flagship conference on sustainable urban development, which will be held in Baku from 17 to 22 May 2026.
President of Azerbaijan Ilham Aliyev visited the Alley of Martyrs to honour the memory of those killed on 20 January.
Fitch Ratings, one of the world’s three major credit rating agencies, says the start of trade and economic relations between Armenia and Azerbaijan could improve Armenia’s economic prospects, citing reduced geopolitical risks following recent steps towards peace.
Italian Prime Minister Giorgia Meloni said on Saturday (17 January) that concerns over security in Greenland should be addressed within the framework of NATO, describing a ground military intervention as highly unlikely.
Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, arguing that the companies profited unfairly from his early support of the artificial intelligence firm, according to a court filing made public on Friday.
European leaders voiced growing alarm on Sunday over U.S. threats to impose tariffs on eight NATO allies, warning the move could destabilize transatlantic relations and heighten tensions in the Arctic.
Trump administration officials held months-long discussions with Venezuela’s hardline interior minister Diosdado Cabello before the U.S. operation that led to the seizure of President Nicolás Maduro, according to multiple people familiar with the matter.
Syrian President Ahmed al-Sharaa has signed a decree recognising Kurdish language rights, as government forces advanced against U.S.-backed Kurdish-led fighters despite U.S. calls for restraint.
Kazakhstan has agreed to become a founding member of the proposed “Board of Peace” for Gaza launched by U.S. President Donald Trump.
Five skiers were killed in a pair of avalanches in Austria’s western Alpine regions on Saturday, with two others injured, one critically.
Media accreditation has opened for the 13th session of the World Urban Forum, the United Nations’ flagship conference on sustainable urban development, which will be held in Baku from 17 to 22 May 2026.
President of Azerbaijan Ilham Aliyev visited the Alley of Martyrs to honour the memory of those killed on 20 January.
Syrian President Ahmed al-Sharaa has signed a decree recognising Kurdish language rights, as government forces advanced against U.S.-backed Kurdish-led fighters despite U.S. calls for restraint.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment