AD Ports Group has acquired a majority share in the Tbilisi Dry Port. The logistics company, headquartered in Abu Dhabi, purchased sixty per cent of shares. Construction on the dry port is still ongoing, but it is scheduled to enter into operation in late 2024. With the acquisition of a majority stake in the Tbilisi…
Category: Azerbaijan
AD Ports Group acquires majority share in Tbilisi Dry Port
AD Ports Group has acquired a majority share in the Tbilisi Dry Port. The logistics company, headquartered in Abu Dhabi, purchased sixty per cent of shares. Construction on the dry port is still ongoing, but it is scheduled to enter into operation in late 2024. With the acquisition of a majority stake in the Tbilisi…
AD Ports Group acquires majority share in Tbilisi Dry Port
AD Ports Group has acquired a majority share in the Tbilisi Dry Port. The logistics company, headquartered in Abu Dhabi, purchased sixty per cent of shares. Construction on the dry port is still ongoing, but it is scheduled to enter into operation in late 2024. With the acquisition of a majority stake in the Tbilisi…
Russia hoping to use INSTC to evade sanctions, says think tank
According to the US-based think tank The Jamestown Foundation, Russia hopes to use the International North-South Transport Corridor (INSTC) as a way to evade Western sanctions. The development of the corridor allows Russia to gain more open access to non-Western markets. Those could provide Russia with much-needed goods for its war economy. The INSTC is […]
Baku-Tbilisi-Kars railway opens in April after major refurbishment
The Baku-Tbilisi-Kars railway line (BTK), spanning the territories of Azerbaijan, Georgia and Turkey, has been undergoing a major ‘facelift’ since last year. The goal is for the line to regain its past prestige and become a key route extending the Middle Corridor’s rail leg through Turkey to Europe. “We will commence cargo operations soon,” commented […]
Rail freight volumes between Iran and Azerbaijan grow by 28%
Rail freight volumes between Iran and Azerbaijan have grown by 28 per cent over an 11-month period. Between March 2023 and February 2024, approximately 645,000 tonnes of goods were transported via rail between the two countries. The director of Iran’s North Railway Administration stated that rail freight volumes between Iran and Azerbaijan grew by 28 […]
Azerbaijan goes ahead with Zangezur Corridor railway construction
Azerbaijan is actively constructing a railway in the direction of the ‘Zangezur Corridor’. The railway is reportedly about halfway to completion. With the railway, Azerbaijan is looking to open up a free movement corridor through southern Armenia to connect with its exclave Nakhchivan. The new route could be part of the ‘Middle Corridor’ land route […]