Kazakhstan, Azerbaijan Boost Middle Corridor with $62M Ferry Deal

photo: Kazinform

Kazakhstan, Azerbaijan Boost Middle Corridor with $62M Ferry Deal

The Middle Corridor, also known as the Trans-Caspian International Transport Route (TITR), is rapidly emerging as a strategic trade artery linking China and Central Asia to Europe via Kazakhstan, the Caspian Sea, Azerbaijan, Georgia, and Türkiye.

Chairman of Kazakhstan's Samruk‑Kazyna Sovereign Wealth Fund Nurlan Zhakupov announced that Samruk‑Kazyna is set to ink two key agreements with Azerbaijani companies, The Caspian Post reports via Kazakh media.

Zhakupov made these remarks during a visit to the Akorda Residence in Astana.

The first deal is with AZCON Holding and involves joint exploration of ferry operations built by Baku Shipyard LLC-aimed at strengthening the Trans‑Caspian International Transport Route (TITR).

The second agreement is between the SK AIH Investment Fund and the State Oil Company of the Azerbaijan Republic (SOCAR). It will target joint projects in renewable energy.

The ferry deal is designed to boost cargo loads along the Middle Corridor, enhancing Kazakhstan-Azerbaijan transit links.

The energy agreement signals a shared commitment to green growth and broader economic diversification.

Both agreements deepen a strategic partnership between the two nations, aligned with high‑level diplomatic talks that took place on October 20 in Astana.

These moves reflect Kazakhstan and Azerbaijan’s drive to become key hubs in Eurasian transit and energy networks-leveraging assets and geographic advantage to open new corridors and joint industries.

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The Middle Corridor, also known as the Trans-Caspian International Transport Route (TITR), is rapidly emerging as a strategic trade artery linking China and Central Asia to Europe via Kazakhstan, the Caspian Sea, Azerbaijan, Georgia, and Türkiye.