BAKU, Azerbaijan, October 30. The Iranian Ministry of Economic Affairs and Finance has identified various projects for investment worth $100 billion, the Minister of Economic Affairs and Finance Ali Madanizadeh told local media, Trend reports.
According to him, part of the mentioned investment will be allocated to free trade zones.
Madanizadeh said that investment is of great importance to increase production, and for this purpose, it's expected that substantial steps will be taken towards development in the coming years by attracting this amount of investment.
The minister also mentioned that several goals are on the table for Kish Island, with the first aim being to make it the premier hub for air transport in Iran.
This island has the potential to evolve into a nexus for digital economic activities and a hub for free trade initiatives, he articulated.
Madanizadeh indicated that in recent fiscal cycles, substantial efforts have been deployed towards a series of aviation infrastructure initiatives on Kish Island, with an investment outlay totaling 150 trillion rials (approximately $263 million) allocated for this endeavor.
In the interim, commencing from the onset of the current Iranian fiscal year (March 21, 2025), a strategic initiative has been implemented to mobilize foreign capital inflows totaling $11.4 billion into the Iranian market. In this context, the endorsement of foreign capital influx has been sanctioned for a total of 257 initiatives.
