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.
Georgia is set to impose a transit fee on the second shipment of petroleum products from Azerbaijan to Armenia, according to Armenian media quoting a ...
French President Emmanuel Macron has warned that the U.S. is “gradually turning away” from some of its allies and “breaking free from internatio...
Iran is now facing a near‑total internet blackout as anti-government protests sweep the country. Major cities including Tehran have seen connectivit...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 9th of January, covering the latest developments you need to k...
Overhauling Armenia's economic structure and strengthening state institutions is a main focus as the Armenian government adopts a 42-page Doctrine of ...
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.
Open-source intelligence (OSINT) sources reported a significant movement of U.S. military aircraft towards the Middle East in recent hours. Dozens of U.S. Air Force aerial refuelling tankers and heavy transport aircraft were observed heading eastwards, presumably to staging points in the region.
Snow and ice stalled travellers in northwest Europe on Wednesday, forcing around a thousand to spend the night in Amsterdam's Schiphol airport but delighting others who set out to explore a snow-blanketed Paris on sledges and skis.
Two people have been killed after a private helicopter crashed at a recreation centre in Russia’s Perm region, Russian authorities and local media have said.
U.S. President Donald Trump has warned that Iran could face a strong response from the United States if its authorities kill protesters amid ongoing unrest.
"Change is coming to Iran" according to U.S. Senator Lindsey Graham during an interview with Fox News on Tuesday (6 January). He warned Iran that "if you keep killing your people for wanting a better life, Donald Trump is going to kill you."
Georgia is set to impose a transit fee on the second shipment of petroleum products from Azerbaijan to Armenia, according to Armenian media quoting a statement from Karen Ayiryan, Director of Mega Trade on Thursday (8 January).
Overhauling Armenia's economic structure and strengthening state institutions is a main focus as the Armenian government adopts a 42-page Doctrine of Economic and Institutional Transformation on Thursday (8 January), Prime Minister Nikol Pashinyan announced.
The Israel Defence Forces (IDF) and Shin Bet say they carried out targeted strikes on Hamas operatives and infrastructure in the Gaza Strip on Thursday (8 January) after detecting a failed rocket launch from the Gaza City area.
Iran does not seek war with Israel or the United States but is prepared to respond if attacked, Iranian Foreign Minister Abbas Araghchi said on Thursday (8 January ) as economic protests sweep the country and Tehran's crackdown reportedly intensifies.
Syrian President Ahmad al‑Sharaa held separate telephone discussions with French President Emmanuel Macron and Turkish President Recep Tayyip Erdoğan on Friday (9 January), focusing on Syria’s internal security situation, reconstruction efforts and broader regional developments.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment