Bank Of Baku

Turkish company to invest USD 30 mln. in Baku port

Turkish company to invest USD 30 mln. in Baku port
# 14 November 2022 16:12 (UTC +04:00)

“Turkiye’s  “Albayrak” company will invest USD 30 mln. in Baku International Sea Trade Port in the preliminary stage,” Logistics director of “Albayrak” company Harun Oncuk told journalists, APA-Economics reports.

According to him, these investments are envisaged within the framework of the company's participation in the fertilizer terminal that will operate in the port, as well as the operating Ro-Ro and heavy cargo terminals.

Harun Oncuk noted that AZN 4 mln. was spent to purchase a mobile lifting crane alone, which will be installed in a heavy freight terminal.

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