News ID: 279649
Published: 0336 GMT January 19, 2021

Iran attracts 57% more investment in free zones

Iran attracts 57% more investment in free zones

The amount of investment attracted in Iran’s free zones increased by 57 percent during the nine months to December 20, 2020, as compared to the corresponding period last year, according to Morteza Bank, the secretary of Iranian Free Zones High Council.

The official said that despite the limitations and barriers due to foreign currency, tax and customs issues, as well as sanctions and the coronavirus pandemic, some valuable achievements have been witnessed in terms of investments in the free trade zones and special economic zones of the country, reported IRNA.

The development of free trade zones and special economic zones through production, exports and investment is one of the goals of creating these zones in the country.

To achieve this target, different measures were taken in the past year, such as attracting innovative and technological units to these areas, and introducing investment opportunities and advantages in these zones.

Last week, President Hassan Rouhani inaugurated 61 projects worth about $2.2 billion in some of the free trade zones and special economic zones of the country through videoconference.

The projects were put into operation in the production, industry, trade, and infrastructure sectors of the zones in Hormuzgan, Gilan, Bushehr, Qom, East Azarbaijan, and Markazi provinces, creating jobs for 3,200 persons.

Implementation of development projects in these areas shows the serious efforts and determination of the government to make businesses prosper within the framework of the policies of the resistance economy, and achieve the goals of the ‘Surge in Production’ this year, as well as increase our export capacity, foreign currency earnings and employment.


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