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Iran's PMO intends to increase attraction of private sector's investment

Transport Materials 25 May 2021 13:37 (UTC +04:00)
Iran's PMO intends to increase attraction of private sector's investment

BAKU, Azerbaijan, May 25

By Elnur Baghishov – Trend:

The Iranian Ports and Maritime Organization (PMO) intends to increase the attraction of private sector's investment in Iranian ports by 5 trillion rials (about $119 million), Deputy Chairman of the Iranian Ports and Maritime Organization (PMO) Farhad Montaser Koohsari said, Trend reports citing the organization’s website.

Koohsari noted that the organization has put on the agenda a series of plans to increase this investment from 160 trillion rials (about $3.8 billion) to 165 trillion rials (about $3.9 billion).

“According to these plans, various changes are to be made, and investment is to be increased despite local and external risks,” he added.

The deputy said that the establishment of logistics parks near ports in order to attract local, regional and international investment and economic centers, and the provision of various services to support domestic production can play an important role.

As reported, more than 11 million tons of cargo were loaded and unloaded in Iranian ports in the first month of the current Iranian year. This is an increase of 14.4 percent compared to the same month last Iranian year.

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