BAKU, Azerbaijan, May 22. Within the framework
of the World Urban Forum (WUF13), organized by UN-Habitat in Baku,
an agreement has been signed between the Baku White City project
and Pasha Development for the joint development of a number of
facilities in the Coastal District, Trend reports.


The agreement was signed by Ozgur Geter, Head of PASHA Real
Estate, and Ruslan Sadikhov, Executive Director of the Baku White
City project.


The Coastal District is bordered by 8 November Avenue to the
north and the White City Boulevard to the south.


Based on an integrated approach to sustainable development, the
Coastal District provides for a balanced mix of residential,
commercial, and public spaces, with a particular emphasis on a
qualitatively new urban environment. The new scope of work focuses
on improving transport connectivity, mobility efficiency, and the
quality of public spaces along the waterfront - one of the
project's most prominent and strategically important borders. The
project also provides for the creation of a number of unique
city-wide facilities for work, leisure, and commercial activities,
as well as the extension of the Baku Boulevard by ten
kilometers.


The agreement covers joint work on the development of public and
commercial spaces, a major public parking facility, a square for
city events, iconic residential and office buildings, hotels, a
congress hall, and a museum.


The high-rise buildings under development and a new Marina yacht
pier will shape a recognizable coastal panorama of the capital and
create new opportunities for the development of the Baku Bay.


The Coastal District also includes metro station exits located
with maximum convenience for pedestrians.







Leading international consulting companies and architectural
bureaus, such as Atkins, Foster+Partners, Gensler, UNStudio,
Chapman Taylor, and others, have been involved in the development
of the Coastal District.


PASHA Development is a leading company in Azerbaijan
specializing in the development and management of premium real
estate properties in Azerbaijan, Türkiye, Montenegro, Georgia,
Uzbekistan, and the United States. Possessing a full spectrum of
integrated capabilities in development, construction, investment,
asset management, and operations, the group implements projects
across diverse real estate segments.


PASHA Real Estate


The portfolio of PASHA Real Estate includes hospitality assets,
residential, commercial, and retail real estate, shopping malls,
business centers, expo centers, and multifunctional complexes
focused on creating sustainable assets and long-term value in
international markets.


Baku White City reflects the direction in which modern cities
are developing today — focusing on how people live, move, and
interact with each other in the long term. The project is conceived
as a cohesive urban district that integrates environmental
restoration, infrastructure, and public life within a single
long-term strategy. The work on the waterfront builds upon this
foundation, combining international expertise and local insight to
shape a public space that will make the district an internationally
recognized destination.


Baku White City marks a decisive turning point in the
development of the capital's urban environment. The territory
previously known as the industrial district of the Black City — a
century-old hub of oil refineries, storage facilities, and degraded
lands — is being reimagined today under a large-scale regeneration
program implemented in accordance with the Decree of the President
of Azerbaijan on improving the environmental situation. Driven by a
strong sustainability agenda, the project transforms one of the
world's largest contaminated industrial zones into a cohesive and
meticulously planned urban district focused on high quality of
life, investment attraction, and the creation of long-term economic
opportunities.