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Iran sets up target indicators for attaching investments to Hormozgan Province's ports

Business Materials 28 March 2021 21:39 (UTC +04:00)
Iran sets up target indicators for attaching investments to Hormozgan Province's ports

BAKU, Azerbaijan, Mar. 28

By Elnur Baghishov – Trend:

The main goal of ports of Hormozgan Province (southern Iran) is to attach private sector investments worth 1.5 trillion rials (about $35.7 million) in the current Iranian year (from March 21, 2021 through March 20, 2022), Director General of Ports and Maritime Department in Hormozgan Province Alireza Mohammadi said, Trend reports citing the Iranian Ports and Maritime Organization’s website.

Mohammadi noted that encouraging the private sector to invest in the ports of the province is in the spotlight. So, the amount of private investments in the Shahid Rajaee port in the Hormozgan Province is estimated to reach 59.7 trillion rials (about $1.42 billion) by the end of this year.

"In addition, it is to be temporarily handed over the transportation of oil products in the 'Corridor A' of the Persian Gulf port in Hormozgan Province to the private sector," he added.

The director general emphasized that a program on the movement of motor vehicles in the province's Shahid Rajaee port will be prepared and implemented soon. At the same time, a center for repair of equipment will be established in the port.

Mohammadi also said that security measures in the ports of the province will be further increased.

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