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Iran's PSEEZ absorbs $36B foreign investment in a decade


TEHRAN, Jan. 23 (Mehr News Agency) - Foreign entities have invested some $36 billion in the Pars Special Economic Energy Zone (PSEEZ) during the past 10 years, PSEEZ managing director said on Friday.

"$100 million worth of projects will come on stream in two weeks in the zone," Abdol-Jalil Razavi added, according to SHANA.

"Roads, electricity substations, optical fiber network and telecommunication facilities, a 132-KV transmission line, healthcare and medical treatment centers, water supply and water desalination systems are among these projects," he explained.

He went on to say that the private sector has invested some $1.5 billion in the PSEEZ during the past 4 years.

Pars Special Economic Energy Zone was established in 1998 for the utilization of South Pars oil and gas resources.

PSEEZ is located in the Persian Gulf coast of Assaluyeh, 300 Kilometers east of Bushehr and 570 Kilometers west of Bandar Abbas.

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