Oman's investors set eyes on Iran's Chabahar Port
Tehran, Iran, Feb.13
Oman has set its priorities on foreign investments to achieve its 2020 non-oil economy outlook, so it has increase its economic transactions with Iran.
Oman recently expressed readiness to invest in Iran's Chabahar Port, as Omani ambassador to Iran last week visited the port, indicating the importance of the issue.
The ambassador visited the infrastructure at the port, and announced that Oman is also ready to invest in Phase 2 of the Shahid Beheshti Port.
The CEO of Chabahar Free Zone Abdolrahim Kordi has discussed the possible investment from Omani side in an interview with Trend.
"Oman has recently expressed tendency to invest in food products, tourism, data processing and inventory at Chabahar Free Zone," Kordi told Trend. "Currently, the land survey has been completed, but the plan has not entered the operational phase."
He added that Iran and Oman have good agreements, adding that the Omani government would support the investments. Kordi also said that Omani ambassador noted the country being interested in developing ties with Iran, especially in the food sector and maritime transportation.
Speaking of Oman's policy to reduce the dependency on oil, he said that Iran is also considering to cut down on the oil-based economy.
"The general approach of the Chabahar port is to focus on the services, transit and transportation. The development of the port, railways, roads and an airport, would help to move the plan forward," he said.
Kordi added that Iran's effort is to expand the export of goods and industries that use water.
"Petrochemical products have good exports value and the government has focused on it. The prediction for petrochemical production outlook at Chabahar is 20 million tons," he said.
"The industries that use water can also have good steel export revenues, the 1.6 million ton production capacity that is predicted to be launched by 2020 would cut Iran's oil dependency, if the petrochemical capacity is fully in operation, the country's production capacity would rise by 30 percent."