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About $700B invested in Iran’s southern coast

Business Materials 2 December 2019 10:20 (UTC +04:00)
About $700B invested in Iran’s southern coast

BAKU, Azerbaijan, Dec. 2

By Elnur Baghishov - Trend:

So far, $700 billion has been invested in Iran’s southern coast, Major General Yahya Rahim-Safavi, senior advisor to the Commander-in-Chief of the Armed Forces Ayatollah Seyyed Ali Khamenei, said while getting familiarized with Shahid Rajaee port in the southern Iranian province of Hormozgan, Trend reports via Tasnim news agency.

Safavi said that it is necessary to improve projects of Iran’s Passive Defense Organization to protect the Iranian coast.

The major general added that loading and unloading 109 million tons of cargo at the Shahid Rajaee port is one of Iran’s major achievements.

Safavi noted that in order to resist the US sanctions against Iran, it is necessary to further develop export and transit in the Iranian sea.

In turn, Director General of Hormozgan Ports and Maritime Organization Allah-Morad Afifipour said that despite the US sanctions against Iran, expansion of the Shahid Rajaee port hasn’t stopped.

Afifipour noted that in addition to the loading and unloading operations, projects are being implemented to develop oil, container and mining material terminals at the Shahid Rajaee port.

The director general of Hormozgan Ports and Maritime Organization added that three oil platforms with a length of 1,400 meters each and three oil platforms with a length of 1,000 meters each will be created as part of the container terminal development project.

This will increase the potential of the Shahid Rajaee port for loading and unloading a total of 109 million tons of cargo by 60 percent, Afifipour added.

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