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Iran declares amount of investment in Payam Special Economic Zone

Business Materials 13 July 2020 18:33 (UTC +04:00)

BAKU, Azerbaijan, July 13

By Elnur Baghishov – Trend:

More than 10 trillion rials ($238 million) were invested in Payam Airport and the special economic zone in the Alborz Province (western Iran) last Iranian year (from March 21, 2019 to March 20, 2020), Executive Director of Payam Special Economic Zone Nader Sanagoo Motlaq said, Trend reports citing the airport’s website.

The amount of investment made last Iranian year in this airport and the special economic zone was equal to the amount of all funds invested in preceding years.

The official added that the potential of the special economic zone has attracted local and foreign investors.

"The rehabilitation of suspended production facilities in the zone is one of the main programs. At present, a plan is being prepared to resume the activities of 12 companies, "he said.

Sanagoo Motlaq stressed that the commissioning of the 4th phase in the special economic zone in the current Iranian year (began March 20, 2020) will create jobs for 2,000 people, and for the next 5 years - for 10,000 people.

"Iran's first information and telecommunications park will be created during the 4th phase of the zone, and data centers of major Iranian operators will be located there," he said.

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