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.

The leaders of Armenia and Azerbaijan are expected to sign a peace deal Friday at the White House that could potentially put an end to decades of

US President Donald Trump will host the leaders of Armenia and Azerbaijan on Friday for what he called a "Historic Peace Summit" aimed at ending a decades-long conflict between two former Soviet republics.