Azerbaijan
CAREC in Azerbaijan
Azerbaijan joined the CAREC Program in 2003. Since then, the country has collaborated with other CAREC members to foster growth and connectivity, positioning the region at the center of Eurasia’s trade and commerce as global markets become more interconnected.
With CAREC’s support, Azerbaijan continues to strengthen its international and domestic road networks to drive economic growth, boost the competitiveness of its products through expanded trade, and accelerate regional development. The country’s North–South and East–West highways hold significant potential as key corridors for transit traffic between Asia and Europe. The rehabilitation of many of Azerbaijan’s roads could boost non-oil trade and increase traffic between the Caspian Sea and Black Sea.
Cumulative Investments
As of December 2024, Azerbaijan has 23 CAREC-related investment projects worth more than $7.1 billion. More than 80% of these projects promote transport connectivity, with 18% in the energy sector.