BAKU, Azerbaijan, September 23. A total of $525 million has been invested in the Anzali Free Trade and Industrial Zone of Gilan Province, located in the north of Iran, during six months of the current Iranian year (from March 20 through September 21, 2024), the executive director of Iran's Anzali Free Trade and Industrial Zone, Mohammad Sajjad Siahkarzadeh, said at an event organized in connection with the signing of a contract with Iranian company Tractor Sazi, Trend reports.
According to him, about $16 million of investments made in the Anzali Free Trade and Industrial Zone within six months were foreign investments.
Siahkarzadeh noted that the zone received applications for investments worth 1.2 quadrillion rials (about $2.74 billion) during the six months. However, in the last Iranian year (from March 21, 2023, through March 19, 2024), there was a request for investments worth 270 trillion rials (about $616 million). Of this amount, the adopted investments amounted to 170 trillion rials (about $388 million).
The official added that the plant of Tractor Sazi Company will be built in the Anzali Free Trade and Industrial Zone. This plant is planned to produce rice harvesting machinery as well as machinery for export. A total of 10 trillion rials (about $22.8 million) will be expended on the construction of the plant.
To note, the Anzali Free Trade and Industrial Zone has more than 160 manufacturing and export enterprises. It is reported that more than $600 million worth of products are exported and transited through the zone.