News ID: 255556
Published: 1110 GMT July 09, 2019

AFZ exported products worth $220m since March

AFZ exported products worth $220m since March

Domestic Economy Desk

Products worth $220 million have been exported from Arvand Free Trade Zone (AFZ) in southwestern Iran since March 21, said an official of Arvand Free Zone Organization (AFZO).

Being the most populous free zone in the country, AFZ boasts numerous potentials and advantages in the fields of trade, industry, tourism and transit, as it occupies an area located in proximity to two cities of Abadan and Khorramshahr in the southwestern province of Khuzestan, IRNA wrote.

The zone is also close to Iraq and has easy access to the Persian Gulf.

Among the products exported from the zone since mid-March 2019 were construction materials, machinery, automotive parts, foodstuff and nuts, said Ali Mousavi, AFZO’s deputy head for business development and investment affairs.

The items were sent to neighboring states as well as a number of other Asian countries, Mousavi added.

The official noted that during the same period, $120 million dollars were spent on registering primary orders for importing machinery to the zone.

He said an MoU has been signed between AFZO and Iran Small Industries and Industrial Parks Organization to improve the infrastructure needed by industrial units in Abadan and Khorramshahr.

Mousavi added that among the zone’s plans and policies is to facilitate importing raw materials and machinery to boost production in Abadan and Khorramshahr.

AFZ is one of Iran’s seven major free trade zones.



Resource: IRNA
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