We became the sole distributor of Azerbaijan.

Ruha Elektrik has gained the right to be the sole distributor in Azerbaijan by expanding its partnership with HD Hyundai Electric. Ruha Elektrik, the Turkish distributor since 2003, will manage all commercial operations in Azerbaijan through Turkey and aims to expand into other Turkic Republics.

Speaking at the signing ceremony, İsa İshakoğlu, Chairman of the Board of Ruha Elektrik, said, “As a result of our success in Turkey, we are taking on the Azerbaijan distributorship. We will offer our high-tech products in the energy and construction sectors with strong partners.”

İshakoğlu stated that they aim to increase the trade volume between Azerbaijan and Turkey, saying, “We aim to increase the trade volume, which is expected to reach $7.5 billion by 2024, to $15 billion.” He also emphasized that Ruha Elektrik will strengthen its position in the Fortune 500 and aim to operate in other Turkic Republics.