BAKU, Azerbaijan, July 17. In the coming years,
at least seven new companies—ranging from cargo terminals and
logistics centers to energy enterprises and smart
manufacturing—will begin operations in Riga’s Kundziņsala, one of
the fastest-growing areas of the Freeport of Riga, Trend reports.

The expansion is expected to create close to 800 new jobs and
attract a minimum of 500 million euros in investment, laying the
foundation for a future-proof business ecosystem focused on
sustainable energy, modern industry, and intelligent logistics.

One of the region’s cornerstone developments is the first
renewable fuel production facility in the Baltics. Operated by
Amber Flow Fuels, this 120 million euros investment will produce
hydrotreated vegetable oil (HVO) and sustainable aviation fuel
(SAF).

With 120 high-skilled jobs expected, the plant aims to begin
production in 2027, contributing to Latvia’s green transition goals
and climate neutrality.

Kundziņsala is also emerging as a key site for wind energy
technology manufacturing. With support from the European Regional
Development Fund and the Latvian government, an industrial zone for
offshore and onshore wind technology will be developed in the
northern part of Kundziņsala by 2029.

“Kundziņsala is not just a place on the map—it represents
Latvia’s ambition to become a smart industry crossroads in Europe.
This project shows that the state, local government, and businesses
can jointly create a sustainable and internationally competitive
environment,” said Minister for Economics Viktors Valaini.

Among other expected benefits are 160 million euros in exports,
650 new jobs in the wind technology sector, and at least 7.8
million euros in annual tax contributions.

In addition to its green energy transformation, the Freeport of
Riga continues to serve as a strategic logistics partner, enhancing
transport connectivity through multimodal infrastructure
upgrades.

A new overpass connecting Sarkandaugava to Kundziņsala is under
construction and will open in 2026. It will improve direct access
to Riga’s arterial road network, reduce freight traffic in the city
center, and enhance overall urban mobility.

A state-of-the-art access control terminal is also underway in
Kundziņsala, featuring automated lanes, digital cargo data
exchange, vehicle recognition technology, and seamless integration
with customs systems—making it one of Europe’s most modern port
entry points.

Already handling 72 percent of all seaborne container cargo in
Latvia, Kundziņsala is home to some of the port’s most advanced
container and bulk terminals. Several companies are currently
expanding their warehouses and cargo yards to meet growing
demand.

“Ports have always been a strategic asset for any country, and
Kundziņsala is a textbook example of how we can use them wisely—for
economic security, energy independence, and as a platform for
critical industries of the future,” noted Ansis Zeltiņš, CEO of the
Freeport of Riga.

Government ministers, city officials, business leaders, and
media representatives visited Kundziņsala this week to explore the
development vision and tour existing and upcoming projects that are
reshaping the area into the new centerpiece of Riga’s industrial
future.