“Disruptions occurring in one part of the world can quickly affect supply chains and prices in completely different regions of the world,” Deputy Foreign Minister Elnur Mammadov said during the panel session titled “Middle Corridor: Unlocking Trade, Industry and Connectivity Potential” at the 2nd Azerbaijan International Investment Forum, APA reports.
He said that at such a time, the digital corridor offers additional opportunities for businesses to connect with Europe and Asia.
“Its importance is not limited to transit. The digital corridor brings economies and food markets even closer together, creating broader opportunities for investment, industrial production, energy and digital connectivity.
For businesses, Azerbaijan offers opportunities not only in its domestic market but also serves as a platform for connections with the wider region. Energy and digital infrastructure, transport, logistics and advanced technologies are key areas where capital and expertise can be attracted. Azerbaijan’s total transit freight volume amounted to approximately 14.5 million tons in 2024, which is about 2.5 times higher than the figure recorded in 2019. This figure is growing rapidly.
Following the modernization of the Baku-Tbilisi-Kars railway, which was commissioned in 2017, it is expected to have the capacity to carry 5 million tons of cargo annually. This will allow a significant increase in freight transportation volumes,” he said.
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