Azerbaijan’s capital, which is located at the crossroads of Europe and Asia, will turn into important transport and logistics center of the region in the near future.
Recently, important work has been carried out to improve the transport infrastructure, which plays a significant role in the development of the economy, in particular, the non-oil sector.
All this brings great political and economic dividends to Azerbaijan, strengthens the country’s position in the region and the world, enhances the political and strategic importance of the state.
In this context, the complex of the Baku International Sea Trade Port, which has been put into operation on May 14, plays a decisive role in the expansion of the country’s transit capacities.
President of Azerbaijan Ilham Aliyev has attended the opening of the Baku Port Complex.
“I am confident that the new Baku Port will play an important role in strengthening the transport potential of our country," the head of state said. "I knew, and I saw that Azerbaijan will have a major transport, transit potential, that our country will develop rapidly.”
President Aliyev said that the existing Baku Port no longer meets the demand, it is located in the city center and its ability to handle increasing cargo volumes is very limited.
The territory for the construction of the new port was not chosen accidentally. So, the Alat settlement is located at the intersection of the automobile and railroads passing through the territory of the republic, and after the seaways are opened, the basis for turning this territory into an international transport hub with wide potential export opportunities appears. Thus, Azerbaijan, which has an important geostrategic position in the Eurasian area, numerous economic and trade ties, is entering a new, modern stage of maritime transport development.
The Port of Baku is located on an area of 400 hectares 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.
The Port is expected to become one of the leading trade and logistics hubs of Eurasia.
Moreover, a free economic zone will be established in Alat, and in the future this territory of Baku will develop very rapidly.
Since the port is being built at the major railway juncture connecting the North-South and the East-West railway lines in Azerbaijan, free economic zone will also have rail access. Serving as a multimodal transit logistics hub, the port and free economic zone will become a major consolidation and distribution centre in Central Eurasia that provides a wide range of value added services.
In recent years, the work to increase the transit potential of the country, create a modern infrastructure that provides international transportation, and upgrade the transport fleet has become more intensive.
The implementation of such important projects as the construction of the Baku International Sea Trade Port, not only increases the economic power of Azerbaijan, but also strengthens its international position.
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