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ECONOMICS
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Zangezur Corridor gains Kazakhstan’s endorsement at Baku economic talks

14 October 2025 13:09

Kazakhstan supports the initiative to create the Zangezur Corridor as an important component of a coherent and sustainable regional transport system, Kazakhstan's Minister of Transport, Nurlan Sauranbayev, has said.

Speaking at the 21st session of the Azerbaijan-Kazakhstan Intergovernmental Commission on Trade and Economic Cooperation, Sauranbayev noted that the Zangezur Corridor project holds special significance, Caliber.Az reports via local media.

“Kazakhstan will support this initiative of our Azerbaijani brothers,” added the minister.

Nurlan Sauranbayev also noted that by the end of 2024, container transport volumes along the Trans-Caspian International Transport Route (TITR) nearly tripled, and in the first eight months of the current year, they doubled again.

As a reminder, the 21st session of the Azerbaijan–Kazakhstan Intergovernmental Commission (IGC) on economic cooperation is currently taking place in Baku.

The co-chair of the commission from the Azerbaijani side is Energy Minister Parviz Shahbazov, while the co-chair from Kazakhstan is Transport Minister Nurlan Sauranbayev.

According to the State Customs Committee of Azerbaijan, trade turnover between Kazakhstan and Azerbaijan reached $547.578 million in January–August 2025, which is 3.18 times higher than during the same period last year.

The main exports from Kazakhstan to Azerbaijan were wheat — $121.536 million, and oil and petroleum products — $38.212 million.

Currently, around 1,500 companies with Azerbaijani capital operate in Kazakhstan, while approximately 150 companies with Kazakh capital are registered in Azerbaijan.

Investments attracted from Azerbaijan between 2005 and 2024 amounted to $420.8 million, whereas investments in Azerbaijan totalled $156.1 million, according to the National Bank of Kazakhstan.

By Jeyhun Aghazada




Caliber.Az
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