Registration of companies in Iran’s Aras Free Zone increased by 272 percent

Business Materials 15 August 2013 12:39 (UTC +04:00)

Azerbaijan, Baku, August 15 / Trend N. Umid

The number of registered companies in Iran's Aras Free Trade & Industrial Zone during first four months of the current solar year (started on March 21) has increased by 272 percent compared to the same period last year, Managing Director of Aras Free Trade & Industrial Zone, Sadegh Najafi said, Iranian Jahanesanat newspaper reported.

He said that, some 1520 companies have registered in the Aras Zone during last 8 years, with 372 of those companies being registered during the first four months of the current solar year.

It should be recalled that, the Aras Free Free Trade & Industrial Zone is located 137 km from Tabriz, is one of the major academic and industrial hubs of Iran, and 761 km from the capital city Tehran. Jolfa, the center of the Zone, has a century old background in international commercial and customs activities.