In Baku Business Center was signed a memorandum of understanding between Azerbaijan and Kazakhstan on the construction of the Center in Aktau production and logistics.
The local economic bloc was represented by the Fund Export and Investment Promotion (AZPROMO) Ministry of Economic Development, as well as Azersun Holding Ltd. The interests of Kazakhstan were represented by Morport Aktau free economic zone.
The construction was taken by Azersun Holding, which has interests in the transport of oil and oil products on the Caspian Sea.
According to the Ministry of Economic Development, the implementation of the investment project will strengthen the economic and trade relations between the two countries, expand the geography of exports of local products, to develop a regional transport infrastructure. The share of regional transportation will also increase, according to the Ministry of Economic Development. - 17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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