BAKU, Azerbaijan, June 19. The launch of the
Trump Route for International Peace and Prosperity (TRIPP) is
expected to further strengthen Azerbaijan's position as a regional
logistics hub, Executive Director of the Export and Investment
Promotion Agency (AZPROMO), Yusif Abdullayev, said during an event
as part of the Islamic Development Bank Group (IDB) Annual Meeting
in Baku, Trend's
correspondent reports from the event.
"Logistics and warehousing are among the most promising areas
for investment in Azerbaijan. Located at the crossroads of Europe
and Asia, Azerbaijan is a key transit hub for international trade
routes," he said.
Abdullayev noted that investment opportunities exist in
logistics parks, Class A warehouses, cold storage facilities,
distribution centers, container terminals, freight forwarding
services, and digital logistics platforms.
He also noted that information technology and digital services
are among the fastest-growing sectors of the Azerbaijani economy.
In 2025, ICT sector revenues were expected to exceed $2.3 billion,
and internet penetration reached approximately 89 percent. More
than 400 public services are already provided through digital
platforms.
"The government continues to prioritize digital transformation
through investments in e-government, data infrastructure,
cybersecurity, artificial intelligence, and innovation ecosystems,"
said Abdullayev.
He pointed out that investment opportunities exist in software
development, cloud solutions, data centers, artificial intelligence
applications, fintech, cybersecurity, and digital trade and
transportation solutions.
