Tehran, Iran, May 31
Trend:
The volume of investments in Aras Free Zone will increase in current Iranian year (started on March 21, 2019) due to several ongoing projects in the region, said Safar Shasafand, deputy director for economy and investment at Aras Free Zone, in his interview to Trend.
Free trade and industrial zones in Iran have been established to obtain economic and investment advantages in the current situation. ttduring can support the country during sanction situation. One of them is the Aras Free Zone, which has been operating for 10 years.
The opportunities and investment opportunities in Iran's free zones is a proper solution during the US sanctions, the official noted. "Substantial investments have been made [in the Aras Free Zone] in 2017-2018," he said. "Overall, the domestic investments reached about $540 million and foreign investments were $78 million."
In his words, good geographic location, forests and rich water resources make the Aras Free Zone attractive for investments in agriculture and greenhouse business.
Speaking about the growth of the investments in the free zone in the current Iranian year, he recalled the agreement sign on Jolfa-Nordoz-Qoli Beyglu railway.
"The Aras Free Zone Organization plans to increase the volume of investments by running various projects in the current year," he added. "It is considered as central hub for free zones and has promising production and exports opportunities."