According to Shada, Abolfazl Kodehei, Deputy Minister and Head of the Organization for Investment, Economic and Technical Assistance of Iran, the document formalising the creation of this joint investment committee was signed during the Iranian President's recent visit to Azerbaijan. The agreement was endorsed by the heads of the institutions responsible for attracting foreign investment in both countries.

Kodehei stated that the document aims to expand economic cooperation, facilitate mutual investment, and create joint developmental opportunities between the two nations.

During the signing ceremony, high-ranking officials from both countries underscored their commitment to strengthening economic relations and supporting investors. The Deputy Minister of Economic Affairs and Finance highlighted that the formation of this committee represents a significant step towards deepening bilateral economic cooperation.