Araz Free Economic Zone: Iran is planning to build a 300-ha new airport on its border with Azerbaijan in the Araz Free Economic Zone, the Zone’s Managing Director Mohsen Khadem Arab-Baghi said today. The airport will be able to handle both passenger and cargo aircrafts, he added. Iran created the 53,000-ha FEZ nine years ago stretching from the city of Julfa to the villages of Khudaferin, Jananlu and Gulubeyli. Azernews