Singapore wins Baku port deal Investment
Singapore wins Baku port deal</header>
Baku International Sea Trade Port has signed an MoU with Singapore-based SMRT International and Ectivise Solutions to enhance the operational effectiveness of Azerbaijan’s new port.
The two Singapore-based companies will support the Port of Baku to introduce new technologies and solutions in the port and its FTZ, including a rapid transit system, integrated operation control center and auto warehousing storage and retrieval system. As a result the Port of Baku will be the first in the region to introduce smart car driverless transportation.
“Today’s MoU will enable the port of Baku of becoming the most technologically advanced port in the Caspian region much quicker,” said its director-general Taleh Ziyadov.
SMRT is a subsidiary of SMRT Corporation, a Singapore multi-modal public transport operator;
Ectivise provides large-scale integrated infrastructure solutions such as passive optical networks and integrated optical backbone architecture.
The port’s FTZ will include the development of a transport and logistics industry, pharmaceutical cluster, common-use oil supply base facilities, and manufacturing, packaging, labeling and consolidation areas.
The move is a part of a larger government strategy to strengthen Azerbaijan’s non-oil economy and make the new Port of Baku a leading trade and logistics hub in Eurasia.