BAKU, Azerbaijan, April 2. Azerbaijan and Kazakhstan have agreed to establish a joint venture aimed at advancing dredging operations and maritime infrastructure development through a shareholders' agreement between AZCON Holding and Samruk-Kazyna Invest LLC, a subsidiary of Samruk-Kazyna, Trend reports.
Azerbaijan’s Minister of Digital Development and Transport, Rashad Nabiyev, wrote about the initiative in a post on his official X page.
“We held a meeting with Nurlan Zhakupov, who is on a business visit to our country.
During the meeting, we discussed the current state and prospects of bilateral ties in transport and logistics. We also exchanged views on the results achieved and key objectives within the joint project on dredging operations at ports in Azerbaijan and Kazakhstan,” the post said.
So far, Azerbaijan and Kazakhstan have established a series of agreements pertaining to maritime and transport sectors, aimed at enhancing the Trans-Caspian International Transport Route (Middle Corridor), facilitating energy transit, and bolstering maritime security. Recent accords encompass the reciprocal acknowledgment of maritime personnel certification diplomas and strategies for collaborative enterprises aimed at amplifying freight movement, alongside substantial petroleum transit pacts established since 2006.
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