BAKU, Azerbaijan, May 26. The opening of the
Zangezur Corridor will create new investment opportunities for
Azerbaijan, Yusif Abdullayev, Executive Director of the Agency for
the Promotion of Exports and Investments (AZPROMO) said, Trend reports.
He made the statement during the business panel “Investments in
the Caspian Region” in Baku.
According to him, Azerbaijan today serves as a hub between the
West and the East, the North and the South.
"We are the only country in the world that shares borders with
both Iran and Russia. There is no other country like this. These
are very large neighbors, both from an economic standpoint and in
terms of population.
We are confident that the signing of a peace treaty between
Azerbaijan and Armenia will open up new investment opportunities.
First and foremost, this concerns logistics. The opening of the
Zangezur Corridor will play a huge role in attracting investment to
Azerbaijan," Abdullayev noted.
On August 8, 2025, following a trilateral meeting with U.S.
President Donald Trump in Washington, President of the Republic of
Azerbaijan Ilham Aliyev and Armenian Prime Nikol Pashinyan signed a
joint declaration on ensuring peace between Baku and Yerevan and
establishing transport links between the main part of Azerbaijan
and Nakhchivan. This project was named “Trump’s Route for
International Peace and Prosperity.”
