French delegation visits Iran’s Bandar-e Imam port

Business Materials 24 September 2014 15:44 (UTC +04:00)

Tehran, Iran, Sept. 24

By Milad Fashtami - Trend:

A French delegation has visited Iran's Bandar-e Imam port city, located in the southwestern province of Khuzestan, Iran's IRNA News Agency reported on September 24.

Citing the official website of Iran's Ports and Maritime Organization, IRNA said the French delegation has declared its readiness to invest in the port's underway projects.

Iran's Ports and Maritime Organization official website reported on September 23 that representatives of a French holding company have visited Iran's southern Shahid Rajaee port to study possible ways of investment in the port.

The French delegation also held several meetings with the local officials.

The loading and unloading capacity of Iran's Shahid Rajaee port currently stands at 88 million metric tons.

The port also has the capacity to load and unload 6 million TEU containers (twenty-foot equivalent unit), Iran's IRNA News reported on April 27.

Shahid Rajaee port is located in Hormozgan province in the South of Iran. Hormozgan province has more than 2400 km of sea border with shores in both Persian Gulf and the Oman Sea. It is close to the Strait of Hormuz, the most important maritime trade route.

Iran's annual trade turnover is projected to reach $160 billion by the end of the fifth five-year development plan (March 2016).