Azernews.Az

By Amina Nazarli

Silk Way Investment LV company and Riga International Airport GAO have inked an agreement on the logistics center construction for goods from Central Asia and Asia Minor.

The investment into the project with an area of 5.5 hectares stands at 40 million euros.

Sarmite Rinmane, the director of communications informed the press that investors plan to launch the center in 2017.

Some 100 percent of the Silk Way Investment shares are owned by the Silk Way Development, registered at the Heydar Aliyev International Airport, according to the Latvian Register of Enterprises.

The only board member of the Riga firm, which will begin construction of the building in early summer for cargo handling, is 37-year-old businessman, Vugar Zeynalov.

Silk Way Holding has long been developing a cargo transportation of goods in the Central Eurasian region. The Silk Way Airlines controls the operations in the Baku cargo terminal and is one of the major partners of the national carrier Azerbaijan Airlines (AZAL).

There is no detailed information about the categories of goods that will be delivered on the route Riga - Baku - Riga, as well as no details about whether or not Riga Airport will become a base platform in Europe for AZAL.

Riga Airport and GAO airBaltic Corp. have cooperated with AZAL for several years in the travel field, carrying out direct flights between Riga and Baku in the summer season.

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Amina Nazarli is AzerNews’ staff journalist, follow her on Twitter: @amina_nazarli

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