Investments in Iran's Shahd Rajaee port to cut down production costs

Transport Materials 5 January 2021 12:29 (UTC +04:00)
Investments in Iran's Shahd Rajaee port to cut down production costs

BAKU, Azerbaijan, Jan.5


Investments in Iran's Shahid Rajaee port would help reduce production costs by 42 percent, said the advisor to the managing director of Iran's Ports and Maritime Organization Saeed Azimi, Trend reports via IRNA.

"Shahid Rajaee port's hinterland is a national project that could create jobs and foreign currency revenues," said Saeed Azimi, Trend reports citing IRNA.

"Shahid Rajaee port's upgrade is on the agenda and in the first step 2,400 hectare of lands have been added to the port's hinterland. This would double the port's capacity for export and import," he said.

"There are other lands that have been connected to the port and it is expected that 4,800 meters of lands would be added to the port," Azimi said.

"It is better to have production companies near the sea since major part of country's import and export is done via sea," he said.

"The Ports and Maritime Organization would rent lands to investors and would possibly provide power, gas and water so they would prepare the lands for production units," he said.

Azimi said investments in Shahid Rajaee port's hinterland would be profitable for investors, factories could be established in the region.

Iranian Ports and Maritime Organization (PMO) signed six memorandums of understanding (MOU) with domestic companies for investing about $2.38 billion plus €800 million in development projects of Shahid Rajaee port’s hinterland.