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Over 10 countries willing to invest in Iranian ports

Business Materials 7 November 2019 14:38

BAKU, Azerbaijan, Nov. 7

By Elnur Baghishov - Trend:

Over 10 countries from Europe, Asia and the Middle East are willing to invest in Iranian ports, Director General of Iran’s Ports and Maritime Organization (PMO) for Market Development and Agreements Affairs Mohammad Saeed Asl Saeedipour said, Trend reports citing ISNA.

Iran’s Chabahar, Shahid Rajaee and Imam Khomeini ports are in the spotlight, the director general said.

He added that countries such as Afghanistan, India and Turkey have shown great interest in investing in the Chabahar Port.

“Since the start of investments in Iranian ports, hundreds of trillions of rials have been raised,” Mohammad Saeed Asl Saeedipour noted.

The director general added that some local laws in Iran create restrictions for foreign investors. More precisely, local regulations impede the work of foreign investors, the director general noted.

Therefore, foreign investors are usually interested in making investments with the mediation of Iranian side, Mohammad Saeed Asl Saeedipour said.

According to the official exchange rate, 1 trillion rial is about $23 million.

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