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Iran attracts foreign investments in Persian Gulf Mining & Metal Industries Special Economic Zone

Business Materials 15 November 2021 11:31 (UTC +04:00)

BAKU, Azerbaijan, Nov. 15

By Elnur Baghishov – Trend:

In total, 12 contracts have been signed in Iran to invest $900 million into various fields in the Persian Gulf Mining and Metal Industries Special Economic Zone, during first six months of the current Iranian year (March 21 through September 22, 2021), said Hassan Khalaj Tehrani, managing director of the zone, Trend reports referring to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

Khalaj Tehrani noted that under these contracts, facilities will be built for the production of bitumen, lead and zinc ingots, chemicals, phosphoric acid, steel sheets, steel ingots, metal silicone and others.

The director added that 160 hectares of land in the zone have been allocated in this regard.

“Investment in the zone is expected to increase further by the end of this year. This will contribute to economic development in southern Iran,” he said.

Reportedly, Iran produced about 7.42 million tons of steel products, aluminum ingots, zinc ingots, sponge iron, bitumen, heat-resistant materials and others. About $1.29 billion worth of various goods were exported from this zone.

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