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Private sector investment in Iranian ports to be increased

Business Materials 14 June 2020 13:20 (UTC +04:00)
Private sector investment in Iranian ports to be increased

BAKU, Azerbaijan, June 14

By Elnur Baghishov - Trend:

It is planned to increase private sector investment in Iranian ports to 138 trillion rials (about $3.28 billion) in the current Iranian year (began March 20, 2020), Deputy Chairman of the Ports and Maritime Organization of Iran (PMO) Farhad Montasar Koohsari said, Trend reports citing PMO’s official website.

According to Koohsari, so far, the private sector has invested 117.2 trillion rials (about $2.79 billion) in Iranian ports.

Koohsari added that the investments will be made to simplify trade activities, increase economic activity and increase production.

The official said that it is planned to increase the electronicization of Iranian ports from 40 percent to 60 percent in the current Iranian year.

Koohsari said that in this regard, a plan has been worked out for the development of port facilities systems.

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