Some $5 bln invested in Iran’s PGSEZ over 5 years

Business Materials 16 December 2012 14:32 (UTC +04:00)

Azerbaijan, Baku, Dec.16/ Trend F.Milad‎‏/

Around $5 billion have been invested in Iran's Persian Gulf Special Economic Zone (PGSEZ) for the past five years, managing director of PGSEZ Masoud Hendian said on Sunday.

PGSEZ's annuall export currently stands at $1 billion, the IRNA News Agency quoted Masoud Hendian as saying.

He made the remarks during his meeting with the Omani delegation, from Musandam province.

PGSEZ has created some 10,000 job opportunities so far and plans to increase the number up to 30,000 in near future.

Persian Gulf Special Economic Zone is located in Hormozgan province about 13km west of Bandar Abbas port in Iran. The zone is close to the open sea and very near to Iran's southern iron ore reserves as well as natural gas supply.