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Persian Gulf Economic Zone in Bandar Abbas to attract 2.5 billion dollars foreign investment

Bandar Abbas, Hormuzgan prov, April 16, IRNA-Persian Gulf Special Economic Zone is likely to attract 2.5 billion dollars of foreign investment, an official in charge of the zone announced in this southern city Saturday.

Ramezan-Ali Afshari predicted that the figure would reach 7 billion dollars by the end of the 4th economic development plan.

The development plan sets the framework for nine billion-dollar investment to establish infrastructural facilities including new ferries with the capacity of 12 million tons, he said.

He added that the Persian Gulf Economic Zone has a ferry to load and unload commodities with the capacity of six million tons.

Iran exports and imports over 50 percent of its products via the ports of Shahid-Rajaie and Shahid-Bahonar in the city of Bandar Abbas.

Afshari said China, India, Turkey, Germany, Britain and Brazil are among the countries which have announced their readiness to invest in this economic zone.

He added that an Indian company is ready to invest in this zone in the fields of energy and steel, saying several German firms are eager to construct a 1,000-megawatt power plant in Bandar Abbas.

... Payvand News - 4/16/05 ... --

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