BAKU, Azerbaijan, February 14. Iran’s Persian Gulf Mining and Metal Industry Special Economic Zone (PGSEZ) had attracted five times more investment than the planned target in the first 10 months of the current Iranian year (March 21, 2023 through January 20, 2024), Executive Director of the PGSEZ Mohammad Reza Pirhoseynlu said, Trend reports.
The director noted that nine contracts worth $750 million had been signed in the special economic zone during this period.
Pirhoseynlu also said that the investment would create jobs for 13,000 people by setting up businesses that produce various steel products, ready-mixed concrete, and other items.
He highlighted the special benefits that the zone offers to investors and producers.
Iran’s Persian Gulf Mining and Metal Industry Special Economic Zone (PGSEZ) is a zone under the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). It is situated in Bandar Abbas, a port city in Hormozgan Province, Iran. The zone has access to electricity, gas, water, and port facilities, and it aims to boost the investment and production of the mining industry sector. The zone covers an area of 5,000 hectares.
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