Azerbaijan may invest up to USD 270 million in a water desalination project in Israel, APA-Economics reports.
The Azerbaijan Investment Holding (AIH) is conducting due diligence ahead of the planned acquisition of a 30% stake in Israel’s IDE company, which specializes in water desalination.
It should be noted that IDE is the largest desalination company in Israel, responsible for 45% of the country’s desalinated water. If the deal goes through, it will become Azerbaijan’s second-largest state investment in Israel. The first such investment was made in the summer of 2025, when SOCAR acquired a 10% stake in the Tamar gas field for USD 1.25 billion.
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