News ID: 271631
Published: 0404 GMT July 17, 2020

Official: Over $976m invested in Iran’s free trade zones in seven years

Official: Over $976m invested in Iran’s free trade zones in seven years

Total domestic and foreign investments in Iran’s free trade zones during the past seven years stood at $976.19 million, an official said.

Speaking to IRNA on Friday, Ahmad Jamali, the deputy head of the Iranian Free Zones High Council Secretariat for economic affairs, added that this figure is far higher compared to that of the preceding years, IRNA reported.

He noted considerable domestic investments by the public and private sectors in Iran’s free zones over the past seven years, saying the private sector’s participation in this process has been favorable.

Jamali noted that in the previous Iranian calendar year (ending March 19), the country’s free trade zones attracted $238.09 million in domestic investments and $200 million in foreign funds.

He added the private sector’s significant presence in the country’s free trade zones indicates that if the ground is appropriately prepared for domestic investors’ participation, Iranians will make wholehearted efforts to develop their country.

The official said that among the most important goals of investments in Iran’s free zones are boosting exports from these regions and helping them have a more significant presence in international and regional markets, noting that in the last Iranian year, over $1.2 billion worth of products were sent from the free trade zones to the mainland.

He put exports from the free zones in the same period at $950 million.

Jamali noted that, in addition, Iranian goods worth over $4 billion, produced in the mainland, were exported from the free zones in this duration.

Iranian free zones have adopted an export-oriented approach, he said, adding the zones’ total imports in the previous year amounted to $700 million.

The official gave assurance that making investments in the free trade zones will help boost employment.

Iran has eight free trade zones: Kish (Persian Gulf), Qeshm (Persian Gulf), Chabahar (southeastern Iran), Aras (northwestern Iran), Anzali (northern Iran), Arvand (southwestern Iran), Maku (northwestern Iran) and Imam Khomeini Airport City (in the Iranian capital of Tehran).


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