BAKU, Azerbaijan, November 11. Iran's Khorramshahr County Port and Maritime Department is conducting talks with the private sector to attract investment worth 4.5 trillion rials (about $107 million) in Khorramshahr port, Director of Department Ali Askari said, Trend reports.
Askari noted that necessary opportunities for the private sector have been created in Khorramshahr port.
He added that 40 hectares of land have been set aside in the port area for establishing production and processing enterprises in different fields, including steel, oil, and others.
The director also stated that a total of 12 trillion rials (about $286 million) worth has been spent on Khorramshahr port in recent years, which has boosted its annual cargo capacity to 11 million tons.
Iran's Khorramshahr port is located on the coast of the Persian Gulf, spanning an area of 230 hectares. It can load and unload 4,000–6,000 tons of products daily. The port’s proximity to Iraq and Kuwait makes it a major exporter of goods to these countries.
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