The Baku International Sea Trade Port CJSC and Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) Group, have today signed a Memorandum of Understanding.

The document was signed by Director General of the Baku International Sea Trade Port Taleh Ziyadov and Chief Executive Officer of Islamic Corporation for the Development of the Private Sector Khaled Mohammed Al-Aboodi.

The MoU aims to study potential opportunities of the Port of Baku and Alat Free Trade Zone, and explore how to involve the private sector in the Free Trade Zone.