By Ayya Lmahamad
The Baku International Sea Trade Port and the Turkish Albayrak
Holding have signed a memorandum of understanding, Azernews
The document was signed by Port's Director-General Taleh Ziyadov
and the head of the holding, Ahmet Albayrak.
According to the document, the holding will invest in the
construction and management of a bulk cargo terminal in the Port of
Baku, as well as in the management of a Ro-Ro [ed. roll-on/roll-off
ships] terminal in order to redirect Turkish wheeled vehicles from
Central Asia to Azerbaijan.
'The strategic location of the port, its technical capabilities
and achievements became the basis for cooperation with the Turkish
Albayrak Holding,' the statement reads.
Speaking at the signing ceremony, Taleh Ziyadov noted that the
signed agreement will enhance Azerbaijan's transit potential,
adding that the document is aimed at increasing mineral
fertilizers' transit through the Port of Baku.
Ziyadov also added that the launch of the new port terminal will
provide for additional workplaces.
'Currently, the transshipment of mineral fertilizers is
conducted by the major cargo terminal, whereas the launch of the
new terminal is expected to boost the transshipment and the overall
cargo flow,' he said.
Moreover, Ziyadov noted that the cooperation between the Port of
Baku and Albayrak Holding will increase the transit of wheeled
vehicles from Turkiye to Central Asia through the territory of
Azerbaijan. In this regard, he mentioned that Azerbaijan currently,
accounts for 23 percent of exports of wheeled vehicles from Turkiye
to Central Asia.
'This figure is planned to be increased to 50 percent in the
near future within the framework of joint cooperation,' he
The director-general also noted that the opening of the Zangazur
corridor will increase the transportation of goods between
Azerbaijan and Türkiye, as well as transit through Azerbaijan.
Additionally, Ahmet Albayrak emphasized that the holding is keen
to invest in Azerbaijan's liberated territories.
'The holding is interested in boosting its investments in
projects in Azerbaijan, including the liberated territories. We are
interested in accelerating the restoration of Azerbaijan's
Karabakh,' he concluded.
Ayya Lmahamad is AzerNews' staff journalist, follow her on
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