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.
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