BAKU, Azerbaijan, June 2. A memorandum of cooperation was signed between the Center for Analysis and Coordination of the Fourth Industrial Revolution under the Ministry of Economy and the Iteca Caspian company within the framework of the Baku Energy Week, TurkicWorld reports.

The document was signed by the Acting Executive Director of the e-Government Center of Azerbaijan Fariz Jafarov and Iteca Caspian CEO Farid Mammadov.

The parties will work to expand and develop the use of technologies of the Fourth Industrial Revolution and implement joint initiatives to encourage the participation of business entities in international and local technology exhibitions within the framework of the signed document.

Meanwhile, the Baku Energy Week is taking place in the capital of Azerbaijan, combining three prestigious events under one brand, from May 31 to June 3.

The 28th International Caspian Oil&Gas Exhibition (Caspian Oil & Gas) and the 11th Caspian International Power and Green Energy Exhibition (Caspian Power) are being held within the framework of the Baku Energy Week.

Baku Energy Week is traditionally held with the support of the Ministry of Energy and SOCAR.

Besides Azerbaijan, the US, Germany, Austria, Belarus, the UAE, Bulgaria, UK, Vietnam, China, Algeria, the Philippines, Finland, France, Georgia, Spain, Israel, Sweden, Switzerland, Italy, Canada, Kuwait, Kazakhstan, Hungary, Monaco, the Netherlands, Norway, Uzbekistan, Romania, Russia, Serbia, Saudi Arabia, Singapore, Thailand, Türkiye and Japan are represented at the event.