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Baku Port, Djibouti Ports & Free Zones Authority sign MoU [UPDATE]

29 October 2016 12:56 (UTC+04:00)
Baku Port, Djibouti Ports & Free Zones Authority sign MoU [UPDATE]

By Nigar Abbasova

The transportation sector is a strong factor in terms of economic and regional economic development, while Azerbaijan puts a huge emphasis on development of the marine transportation.

The country aims to turn into of the major commercial and transportation hubs in the region and keep the development of the marine port in focus. Currently, the Baku International Sea Trade Port of Azerbaijan is developing its in cooperation with various parties.

The Port of Baku, the oldest and largest port on the Caspian Sea, has recently signed a Memorandum of Understanding with Djibouti Ports & Free Zones Authority.

The document was signed by Director-General of the Port of Baku Taleh Ziyadov and Chairman of Djibouti Ports & Free Zones Authority Aboubaker Omar Hadi. The MoU aims to expand relations between the ports of Azerbaijan and Djibouti.

Under the document, the two ports will exchange experience, and conduct joint training programs on port staff capacity development and port management.

Djibouti Ports & Free Zones operates such facilities as Port of Djibouti, Doraleh Container Terminal, Djibouti Horizon Terminal, and Djibouti Free Zone.

Port of Baku was previously located in the middle of the city. Taking into account the bid of the country to become one of the major hubs in the region and facilitate regional transformation, the state decided to move it to a new location, 70 km south of the capital Baku, near a small town called Alat, which is located at the strategic crossroads of the regional railroads and highways.

The new Port of Baku is located on an area of 400 hectares (ha) of land, of which about 100-115 ha cover the area for the development of the international Logistics and Trade Zone. The northern areas around the port are reserved for future expansion of logistics, industrial, and manufacturing activity.

Port of Baku earlier signed MoUs with Bulgarian Ports Infrastructure Company, Antwerp, Panama, Aktau and Poti ports. Moreover, the Port maintains close cooperation with Qatar and Singapore ports.

The cooperation with the world leading ports is expected to contribute to the improvement of the quality of services and related management activities of the port infrastructure, as well as ensure optimum performance efficiency, providing value-for-money and high-quality services.

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Nigar Abbasova is AzerNews’ staff journalist, follow her on Twitter: @nigyar_abbasova

Follow us on Twitter @AzerNewsAz

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