Unlike Azerbaijan’s border and inland dry ports, the new Free Trade Zone will play a pivotal role in international multimodal transportation and the Eurasian supply chain via Azerbaijan. A strong domestic and regional logistics network and logistics market would provide a solid foundation for the Alyat project. The port will act as a major logistics hub in the Caspian region, serving both European and Asian markets, as well as being part of an extensive international logistics network linking Europe and Asia. Free Trade Zone includes several components, such as Truck Parking, International Logistics Centre and Domestic Logistic Centre, as part of a special economic regime. FTZ will be located within the grounds of the new port, covering an area of 100 hectares. Since the new port is being built at the major railway juncture connecting the North-South and the East-West railway lines in Azerbaijan, FTZ will also have rail access. Serving as a multimodal transit logistics hub, the new port and FTZ will become a major consolidation and distribution centre in Central Eurasia that provides a wide range of value added services. In other words, instead of becoming one node in the supply chain, FTZ aims to become the major consolidation, concentration and distribution centre of the region, serving the multi-dimensional markets of the South Caucasus, Central Asia, Iran, Southern Russia, and Turkey. Moreover, seeking to become the largest logistics zone in the Caspian region, FTZ will offer comprehensive logistics services to its residents and international clients, serving as a major regional intermodal distribution hub. Taking into account that many manufacturers now prefer to put the final touches onto their products at the distribution centres, such as FTZ’s nearby consumer markets, the provision of value added logistics services at the FTZ becomes an even more compelling prospect. This would not only generate significant non-oil trade for Baku Port at Alyat and Azerbaijan, but would establish it as a regional logistics leader with all three main services of import/export, transit shipment and logistics.
Free Trade Zone (FTZ)
Port of Baku is not only targeting economic interests. We believe that when the economy and ecology work hand-in-hand, much greater work efficiency can be achieved. Aiming to become the most environmentally friendly port in the region, the Port will operate in...