BAKU, Azerbaijan, February 28. Iran’s 7 free trade zones attracted 1.08 quadrillion rials (around $25.7 billion) and 582 million euros of investment in the first 11 months of the current Iranian year (March 21, 2023 through February 19, 2024), Trend reports.
The Supreme Council of Free Trade-Industrial and Special Economic Zones announced that 300 investment packages were granted to investors in the free trade zones.
The council also reported that 4.51 quadrillion rials (around $107 billion) of investment potential exists in 741 packages for industrial and non-industrial projects in the country’s free trade zones.
Iran claims that it has no limitations on investment in these zones and is willing to provide better incentives for investors.
It is worth mentioning that Iran has 8 free trade zones and 32 special economic zones, where 1,850 production units and 1,280 service units operate.
---
Follow the author on X (Twitter):@BaghishovElnur
