0518 GMT April 22, 2021
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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.
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Over $2 billion of domestic investments were made in Iran’s special economic zones during the Iranian year ending March 19, 2020, according to statistics released by the Ministry of Finance and Economic Affairs.
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Total domestic and foreign investments in Iran’s free trade zones during the past seven years stood at $976.19 million, an official said.
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Secretary of Iranian Free Zones High Council Morteza Bank said that eight new free trade zones (FTZs) will be established across the country.
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India’s first port investment overseas at Chabahar, Iran, is gaining momentum with the Persian Gulf nation approving the integration of the port with the free zone operating in the area and the opening of a branch by an Afghanistan bank soon.
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The Ministry of Roads and Urban Development signed a memorandum of understanding (MoU) with the High Council of Free and Special Economic Zones on establishing the Imam Khomeini Airport free zone.
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An official of Anzali Free Trade Zone said on Friday that 20 hectares of land in Russia's Astrakhan Special Economic Zone has been allocated to Iranian companies.
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Armenia plans to begin construction of a free economic zone in the southern town of Meghri on the border with Iran in November, its Economic Development and Investment Minister Suren Karayan said on Thursday.
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The Supreme Council of Iran's Free Trade, Industrial and Special Economic Zones plans to establish Khazar joint free zone to expand international cooperation.
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Senior Presidential Advisor Akbar Torkan said Iran has drawn up two strategies to attract further investments in the free trade zones.
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Chabahar Free Trade Zone witnessed a 47 percent rise in the volume of its domestic investment in the first five months of the current year, compared to the same period the previous year, managing director of the zone said.
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