Economic Development in Azerbaijan

[Azeri440]

Delivery of the first Boeing Dreamliner 787 to Azerbaijan

 

[Azeri440]

Tourism

Shahdaq Ski Resort

The Shahdag mountain region will be developed in four progressive phases.

Phase 1 - Recently Completed, this part of the project sees the launch of three international hotels, thirteen restaurants and bars, no less than nineteen ski slopes each with lifts and tracks. (at the stage of completion)

Phase 2 - Will see the expansion of the ski-lift network, as well as the launch of summer accomodation comprising of beautiful cottages.

Phase 3 - Will include further expansion of the residential zone, and the addition of new ski tracks focussing on downhill skiing. Additional infrastructure such as gondolas and state of the art snow-making machines will be installed. Other leisure developments will include Swimming pools, tennis courts, football fields, basketball courts, and covered sports complexes.

Phase 4 - Will focus on a variety of new developments including, a residential apartment complex, additional luxury hotels, individual chalets and small cottages, and a recreational area with camping facilities. Shopping centres and restaurants will also included in this phase of the project.

 

[Azeri440]

Azerbaijan to purchase new Boeing 747-8 aircrafts

Azerbaijani cargo airline Silk Way Cargo and the U.S. Company Boeing have signed an agreement on purchase of three new Boeing 747-8 aircraft in 2015-2016, Spokesperson of Azerbaijan Airlines (AZAL) Maharram Safarli told Trend.

The agreement was signed in Baku on December 24.

Silk Way West Airlines, the all-cargo national carrier of Azerbaijan, offers scheduled flights to destinations across Europe, the Middle East, and Asia. Its fleet consist of 3 Boeing 747-400F and 2 Boeing B767-300F.

As a regional and CIS leader in terms of the number of new aircrafts, AZAL offers its passenger flights to European countries, the CIS, Middle East, Asia and the United States.

Currently, AZAL's fleet consists of Boeing 757-200, Boeing 767-300, Airbus 319, Airbus A320, Airbus A340-500, Embraer ERJ 170-100LR and Embraer ERJ 190-100.

The company cooperates with about 60 airlines to provide its passengers with an opportunity to travel leisurely around the world.

Azerbaijan to purchase new Boeing 747-8 aircrafts - AzerNews

 

[asena_great]

nice avatar @azer440

 

[Azeri440]

Tourism

2nd 7 star hotel in the world now U/C in Baku

 

[xenon54 out]

Tourism

2nd 7 star hotel in the world now U/C in Baku

View attachment 180003 View attachment 180004

Is it the crescent shaped one? Imagine it would be tuned around with a star on top.

 

[Hakan]

Ziraat receives bank license in Azerbaijan​

The Turkish state-run Ziraat Bank has been granted a banking license by the Central Bank of Azerbaijan, marking its entrance into the lucrative market.

The banking sector in Azerbaijan experienced high growth rates in 2013, according to a report released by the World Bank in October 2014.

However, Azerbaijan’s financial penetration indicator remains one of the lowest inEurope and Central Asia, the report said, and this offers a clear market opportunity for Ziraat Bank.

The Turkish bank employs more than 24,000 people in 1700 branches. There are 57 branches in foreign countries such as Germany, Bosnia and Herzegovina, Kazakhstan, Russia, the U.K., the U.S., Georgia, Bulgaria and Greece.

Separately, on Oct.15 of this year, Ziraat Bank received permission from the Turkish banking regulator to establish a bank working on Islamic financial principles.

The Central Bank of Azerbaijan is continuing its reform of the sector, recently introducing a new legal and regulatory framework for consumer protection and financial literacy, as well as risk-based supervision, according to the World Bank report.

Ziraat receives bank license in Azerbaijan - FINANCE

 

[Azeri440]

Baku Sea Trade Port

first phase for the ferry terminal has been completed and the works for the 2nd phase of ferry terminal and 1st Phase for Cargo Terminal are still going on.
The project also includes a massive cargo terminal with initial capacity of 100 000 containers
The capacity of the port will be at 1st phase : 50 000 containers
2nd phase : 150 000 containers
3rd phase : 1 000 000 containers

This project will serve a great importance to BTK railway , connecting Kazakhstan and Turkmenistan with Azerbaijan

There are also plans to build a cargo airport beside the port and establish a high speed railway connection to Baku and Sumqayit.

View attachment 159132 View attachment 159133 View attachment 159134
the completed first phase of ferry terminal
View attachment 159137


information regarding the old Baku port , which will be demolished upon the completion of the first phase of Baku International Sea Port

2.1.1 Azerbaijan Baku International Sea Trade Port - Logistics Capacity Assessment - Wiki - Digital Logistics Capacity Assessments

current

View attachment 159139

future
View attachment 159140
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A Russian company is in talks to order at least 30 ships from shipyards in Russia and Azerbaijan.

Arnold Ivanov, CEO of Industrial and Ecological Alliance (IEA), said his operation has signed a preliminary agreement with Russian yard Krasnoye Sormovo for 20 ships.

These are split between river-sea tankers of up to 8,000 dwt and bulkers of up to 7,000 dwt.

"We plan to build about 30 ships within our project on restoration of river navigation between Baltic, Caspian and Azov seas with the cost of $833m (including $540m for the fleet building)," he told the Fineko news agency.

Construction will take three and a half years, with the vessels costing $15.5m each.

Some work - as much as 40% - looks likely to be sub-contracted out to the new Baku Shipyard Company (BSC) in Azerbaijan, however.
This yard could also win a deal from IEA for between 10 and 15 specialised containerships for use in the Caspian region.

Ivanov added: "We have already raised a loan from Beirut branch of Lloyd Banking Group for this purpose. Financing has been already opened and it will allow us to start building of the first tanker not later than in December, though earlier we planned to do it in 2015."

He claimed to have a preliminary deal in place with Rosneft to use the vessels.

BSC is a $450m yard owned 65% by state oil company Socar, 25% by Azerbaijan Investment Company (AIC) and 10% by Singapore’s Keppel group.

Earlier this year, it signed a deal with Socar for 10 high-speed crew boats.

login -Tradewindsnews.com

U/C

 

[Azeri440]

some new development projects in Azerbaijan

Business , University and Research center in Ziq ( I believe part of Hovsan development project )

Hovsan Green City , one of the parts of the overall Hovsan development project.

Pirallahi Tourism Development Project

New city in Alat district close to the Baku Sea Trade Port (currently U/C)
the project includes construction of an airport with a massive cargo terminal, along with creation of high speed rail link
between Alat, Baku , Hovsan and Sumqait.

 

[Azeri440]

new concrete plant in Sumgayit
The plant will produce 10,000-12,000 metres of concrete pipes and 500,000 square metres of concrete surface per month.

 

[Hakan]

 

[ArsalanKhan21]

May be President Aliyev should be made a God of Azerbaijan. The Azerbaijan has became single party state with a dictator and his family controlling lucrative businesses. All these elite projects wasting money while people are cowered and the independent press is attacked. RFE/RL offices were ransacked by police and journalist were interrogated. Azerbaijan created Iran as a enemy when they need friends against Armenian occupation of Azeri lands. Azerbaijan has been cooperating with Israel against Iran.

 

[anatolia]

May be President Aliyev should be made a God of Azerbaijan. The Azerbaijan has became single party state with a dictator and his family controlling lucrative businesses. All these elite projects wasting money while people are cowered and the independent press is attacked. RFE/RL offices were ransacked by police and journalist were interrogated. Azerbaijan created Iran as a enemy when they need friends against Armenian occupation of Azeri lands. Azerbaijan has been cooperating with Israel against Iran.

bullshit...iran and azerbaijan tension is all about oil..iran wants and control oil in caspian sea..iran support armenia since soviet time is over.:seling gas and guns to armenia...

 

[ArsalanKhan21]

bullshit...iran and azerbaijan tension is all about oil..iran wants and control oil in caspian sea..iran support armenia since soviet time is over.:seling gas and guns to armenia...

Azerbaijan's first Presedent Abulfaz Elchibey expressed irredentist sentiments and promoted the idea of a ‘Greater Azerbaijan,’ which would unite Azerbaijan (the country) and Azerbaijan (the region in northwest Iran). It was Elchibey who instead of creating 'Greater Azerbaijan' made Iran an enemy and lost 20% of Azeri territory to Armenia.

 

[Azeri440]

Hovsan development project