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Iran declares investments made in ports

Finance Materials 31 August 2020 10:08 (UTC +04:00)
Iran declares investments made in ports

BAKU, Azerbaijan, August 31

By Elnur Baghishov – Trend:

More than 3.57 trillion rials (about $85 million) was invested in Iranian ports during the first three months of the current Iranian year (March 20 through June 20, 2020), Trend reports citing Ports and Maritime Organization of Iran’s official portal.

According to the report, the investment of the private sector worth 2.83 trillion rials (about $ 67.5 million) also has been attracted to Iranian ports under five contracts.

“The private sector has invested 161 trillion rials (about $3.83 billion) in Iranian ports under 333 contracts, so far,” the report said.

According to the report, oil platforms with a weight of 30 million tons are being built in the Iranian Shahid Rajaee port. With the commissioning of these platforms, the export potential of oil products from the Shahid Rajaee port will increase by 30 percent.

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