Iran announces its goals to develop Makran coast region

Business Materials 14 September 2020 09:58
Iran announces its goals to develop Makran coast region

TEHRAN, Iran,Sept.14


Iran's Plan and Budget Organization has announced the approved goals to develop the Makran coast region (Iran's Sistan and Baluchestan province) to local organizations, including the Ports and Maritime Organization of Iran, Trend reports via IRNA.

The announcement indicates that Makran region has the capacity to establish petrochemical and steel industries, as well as exports.

Among the approved goals for the region are promotion of sea-related projects, forming national and international maritime corridors and development of ports.

The development of the Makran coast would also offer benefits for the local population, said the report.

The announcement said the related organizations should draft cohesive plans based on the Makran coast development goals, and apply for an annual credit for studies and development of projects on the ground with involvement of public and private sectors.

The Makran coast development is important for completing the country's transportation chain and finishing the first phase of the Shahid Beheshti Port and eventually starting the second phase of the port.

Meanwhile, the goal of Iran's Plan and Budget Organization is to provide strategic equipment to the port's needs in the current Iranian year (started March 20,2020).

Iran's Ports and Maritime Organization has invested $1 billion into development of the first phase that would facilitate development of other coastal areas in Hormozgan, Sistan and Baluchehstan provinces.