BAKU, Azerbaijan, June 16. The Azerbaijani government plans to expand public-private partnership in the context of the development of the Middle Corridor (Trans-Caspian International Transport Route), Adviser to the Minister of Economy of the Republic of Azerbaijan Khagani Abdullayev said during a panel discussion at the World Bank's report presentation, Trend reports.
According to him, in relation to the Middle Corridor, global investors are interested in the country.
"What happened in the world economy in connection with the Russian-Ukrainian armed conflict - changes in the investment, transport, transit areas - led to a change in the map which has developed in the world economy. In this context, new economic opportunities have opened up for Azerbaijan and the region. To implement this the government is doing a big work. The Middle Corridor means for us access to new export markets, diversification of export markets for non-oil products," Abdullayev added.
The purpose of this route is to facilitate the transit of goods through countries such as China, Kazakhstan, Azerbaijan, Georgia, Türkiye, Ukraine, Poland, and Romania. These eight countries have been working together within the framework of the project since 2017.