A meeting was held between Mr. Valeh Alasgarov, Chairman of the Board of the Alat Free Economic Zone Authority and TRACECA Secretary General Mr. Jasurbek Choriyev. During the meeting, the parties discussed prospects for establishing practical cooperation between TRACECA and the Alat Free Economic Zone Authority.
Particular attention was paid to establishing practical cooperation and ensuring the regular exchange of data on the types and nature of cargo transported along the TRACECA route. At the same time, the parties are considering signing a Memorandum of Understanding and Cooperation that will define the key areas of their joint activities.
At the conclusion of the meeting, the parties confirmed that they share similar approaches to developing the region’s transport and logistics potential.The Alat Free Economic Zone is located in close proximity to the Baku International Sea Trade Port, at the intersection of the international East–West and North–South transport corridors. In total, approximately 6,500 hectares have been allocated for the Alat Free Economic Zone, with more than 1,000 hectares reserved for future expansion.The zone currently operates a 5-hectare logistics centre with an annual handling capacity of 500,000 tonnes of cargo transported by road and also provides access to railway infrastructure.Construction of a new international airport is ongoing. Its cargo and business terminals are scheduled to become operational no later than the first quarter of 2027, with an initial annual cargo handling capacity of 500,000 tonnes, subsequently increasing to 1.5 million tonnes per year.