Dubai – Mubasher: Global trade enabler DP World signed 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, according to a statement.
The business hub is planned to be part of a network of economic zones in the country to boost the economy and to form part of the Eurasian trade corridor.
The company 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.”
The future free trade zone will occupy 20 square kilometres once fully developed, with DP World advising on its business plan, regulations governing special economic zones and a master plan for phase one of the project, which spans 4 square kilometres.
