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.
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.
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.
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.
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.