DP world to provide advisory services to Azerbaijan government for free trade zone development

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Sept 09, 2016: Dubai’s DP World, one of the world’s largest port operators, has entered into an advisory agreement with the Azerbaijan Ministry of Economy and the Port of Baku to develop a framework for the Alyat Free Trade Zone in Azerbaijan.

The future business hub is expected to become part of a network of economic zones in the country for economical development and to form part of the Eurasian trade corridor.

DP World already provides advisory services for the development of the Khorgos Special Economic Zone and Inland Container Depot in Kazakhstan with a similar arrangement under a separate contract for the Port of Aktau, the country’s main cargo and bulk terminal on the Caspian Sea.

“I believe this experience will help the Port of Baku and Alyat Free Trade Zone to become an important logistic and transport hub between China and Europe. We are delighted to be involved as the principal advisor in this major project,” said Sultan Ahmed Bin Sulayem, Chairman and CEO, DP World Group.

The global trade enabler will also be advising the authorities on its business plan, regulations governing special economic zones and a master plan for phase one of the project, which spans 4 square kilometres.

Our Correspondent