Azerbaijan's transport boom opens new revenue stream beyond oil and gas

Azerbaijan’s expanding railway and port operations are beginning to demonstrate the economic value of a strategic geographic position. Record cargo volumes at the country’s key transport hubs, rising shipments from China and accelerating transit activity across the Caspian Sea point to an emerging source of economic growth that extends beyond the traditional oil and gas sector. For Baku, the opportunity lies in turning international trade flows into foreign-currency earnings, fiscal revenues and a broader domestic services industry.