More than 50 million tons of cargo growth is expected along the Middle Corridor, and for this purpose, Azerbaijan is making additional investments, Hikmat Hajiyev, Assistant to the President of Azerbaijan said at the 6th Caspian Business Forum held in New York.
Hajiyev mentioned at the 6th Caspian Business Forum, dedicated to the theme 'Connectivity, Finance, and Energy along the Middle Corridor,' that with a cargo capacity of 25 million tons per year, the Port of Baku is expanding its capabilities.
He said the railway project, which extends from Baku to Zangilan and the Armenian border, has been underway since 2020.
“It's expected to be completed in mid-2026. Work is also underway on the 42km Zangezur section located in Armenia, and our partners from the United States are participating here. The third segment covers Nakhchivan," Hajiyev said.
"Additional investments are being made in this area, and we are inviting other international partners, including European countries, to collaborate. To turn the South Caucasus into a space for cooperation is the main goal," Hikmat Hajiyev said.
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The Azerbaijan University of Languages (AUL) hosted the screening of a documentary by AnewZ dedicated to the Belt and Road Initiative and the rising importance of the Middle Corridor in the global economy.
Construction of the Zangezur Corridor in Azerbaijan is set to be completed next year, marking a major step in enhancing regional transport and trade flows, officials said.
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be targeted next week unless Tehran returns to negotiations.
The United States carried out a third consecutive night of airstrikes against Iran, targeting military capabilities around the Strait of Hormuz as Donald Trump announced the reinstatement of a blockade on Iranian shipping and proposed a 20% fee on cargo passing through the strategic waterway.
The U.S. military announced that it has completed a new wave of strikes against Iranian military targets under U.S. President Donald Trump's orders. The operation targeted command centres, air defence systems, missile and drone facilities, and coastal surveillance sites across multiple locations.
The death toll from the fire at a live music pub in Bangkok has climbed to 32 after two more victims died from their injuries, according to Thailand's Police Hospital.
Ukraine and Russia exchanged fresh attacks on Tuesday, with Kyiv targeting shipping and energy infrastructure inside Russia while Moscow launched another large-scale missile and drone assault on Ukrainian cities.
Turkish Foreign Minister Hakan Fidan has called for a renewed round of Russia-Ukraine peace talks during a two-day visit to Kyiv, as Ankara seeks to revive its role as a mediator and advance efforts towards a negotiated end to the war.
Slovak President Peter Pellegrini says cooperation with Azerbaijan is moving beyond formal diplomacy, with new opportunities emerging in energy, defence, cybersecurity, trade and education.
Iran’s Khatam al-Anbiya Central Headquarters has warned that Tehran would target remaining infrastructure in the region if the Islamic Republic’s infrastructure were attacked by the U.S. military, according to the Defa Press military news website.
Uzbekistan will establish an intermodal logistics centre in Belarus before the end of 2026 and launch more than $100 million worth of new regional investment projects as the two countries accelerate implementation of their newly established strategic partnership.
Kazakh President Kassym-Jomart Tokayev invited Chinese technology companies to expand investment in Kazakhstan during a business roundtable in Shanghai on 16 July, promoting the country as a regional hub for artificial intelligence and digital infrastructure.
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