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Kish FTZ serves as center for attraction of foreign investments

Kish, Hormuzgan prov., Oct 9, IRNA-Iran's southern Kish Island can serve as the center for attraction of foreign investment, said a top business official in Kish on Sunday.

Acting head and member of the Board of Directors of Kish Free Trade Zone Organization Abdolrahman Bushehri told Kenyan Ambassador to Tehran Ali Abbas Ali that Kenyan public and private sectors by effectively making investment in the zone can get a foothold in the big regional and Central Asian markets.

Bushehri referred to lack of any restrictions on industrial investment, a 15-year tax exemption, duty free import of machinery and raw material and free transportation both inside and outside Iran as some of advantages of investment in the zone.

He said there are plans to expand air, port and marine transport facilities, improve the water, electricity, sewage, internet and telecommunication services in the area for this purpose.

He added that location of the Bank of Iran and Europe and Standard Chartered Bank in Kish as well as imminent inauguration of an oil, gas and petrochemical stock market there will give boost to foreign investments.

The Kenyan diplomat said that his country is willing to make investment in the zone, adding that this is why he and his companions are visiting the area to get first hand information on advantages of investment in Kish FTZ.

Ali said Middle East is a lucrative market for Kenyan tea and Kenya eyes markets in the region and Central Asia, hoping that Kish FTZ can play a constructive role in that connection.

He said a top-ranking delegation would shortly visit Kish for the same purpose.

During his stay in Kish FTZ, the Kenyan ambassador visited the industrial units, infrastructural projects and tourist attractions there.

... Payvand News - 10/10/05 ... --

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