BAKU, Azerbaijan, June 19. Asian Infrastructure
Investment Bank (AIIB) considers supporting new port, aviation, and
transportation projects in Azerbaijan, AIIB Director General
Xiaohong Yang told Trend on the sidelines of the 51st Annual Meeting of
the Islamic Development Bank (IsDB) Group held in Baku.
She said that Azerbaijan is one of the most important countries
in the region where AIIB operates, and the bank works closely with
the country's key government institutions.
According to her, the AIIB is involved in the implementation of
a number of important projects in the transport and infrastructure
sectors in Azerbaijan.
"We are closely cooperating with the Ministry of Economy, the
Ministry of Finance, and other important state institutions. We are
actively engaged in the transport sector. We are working on
projects implemented with the Baku Metro, Azerbaijan Railways
(ADY). We are currently expanding our activities in the areas of
maritime transport, aviation, and port infrastructure," she
noted.
Yang pointed out that the main priorities for the AIIB are
infrastructure development, especially technology-based
infrastructure projects, mobilization of private sector
investments, strengthening cross-border connections, and green
infrastructure.
"We are investing in the Caspian Sea Green Energy Corridor
initiative and aim to contribute to further strengthening regional
cooperation in the future. We are trying to support the development
of connectivity both within Azerbaijan and between Azerbaijan and
neighboring countries," the director general emphasized.
She also noted that the strategic geographical position of
Azerbaijan allows the country to play an important role in the
region.
"We consider Azerbaijan to be an extremely important country
from a strategic perspective. In the coming years, the country can
play a very important role in the development of regional
cooperation and integration within the framework of the Central
Corridor," Yang added.
