Armenia has agreed to award the U.S. exclusive special development rights on the Zangezur Corridor land for 99 years. The U.S. would sublease the land to a consortium that will develop rail, oil, gas and fiber optic lines and possibly electricity transmission along the 27-mile corridor.

Donald Trump will host the leaders of Armenia and Azerbaijan for a “peace summit” on Friday while negotiated settlements to wars in nearby Ukraine, as well as in Gaza, continue to elude his administration.