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Amount of investments made in Iran's Free Trade and Special Economic Zones announced

Finance Materials 14 January 2021 20:02 (UTC +04:00)
Amount of investments made in Iran's Free Trade and Special Economic Zones announced

BAKU, Azerbaijan, Jan. 14

By Elnur Baghishov – Trend:

A total of 1.08 trillion rials (about $25.7 billion) and $28.5 billion worth of local investment had been made in Iran's Free Trade and Special Economic Zones as of eight years ago (March 21, 2013), the Adviser to the Iranian president and Secretary of the Supreme Council of Iran's Free Trade, Industrial and Special Economic Zones, Morteza Bank said, Trend reports citing IRINN.

He made the remark in an event dedicated to the launch of manufacturing and infrastructure facilities in the Free Trade and Special Economic Zones of Iran.

The adviser noted that more than $5.5 billion worth of foreign investments has been invested in Iran's free trade and special economic zones over the reporting period.

Bank added that the amount of investment made in Iran's free trade zones increased by 57 percent during the first nine months of the current Iranian year (March 20 through December 20, 2020), compared to the same period last Iranian year.

“A total of $139 billion worth of goods were exported and $40 billion worth of goods were imported through Iran's free trade and special economic zones during the current Iranian government (which has been in power since 2013),” he said.

According to the secretary, in 2013, there were only 1,000 manufacturing operating enterprises in Iran's free trade zones, but this figure has increased by 120 percent and reached 2,200.

Today on Jan. 14, sixty manufacturing and infrastructure facilities were put into operation in Iran's Qeshm and Anzali Free Trade Zones and Pars Energy, Sahlan, Kaveh, and Salafchegan special economic zones. In total, 30 trillion rials (about $714 million), $260 million, and 13 million euro were spent on these facilities and 3,220 people were employed.

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