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Iran secures major agreements for port expansion with private sector

Business Materials 24 December 2024 11:21 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, December 24. Iran’s Ports and Maritime Organization has signed 30 agreements with the private sector for port development worth 900 trillion rials (about $1.6 billion) on December 23, Trend reports, citing Iran’s Ministry of Roads and Urban Development.

These agreements aim to enhance infrastructure at 7 major ports in Iran, including Shahid Rajaee, Anzali, Chabahar, Imam Khomeini, Nowshahr, Amirabad, and Bushehr. The projects will focus on building storage facilities for grain and vegetable oil, loading and unloading platforms, oil and petrochemical product platforms, and warehouses for storing oil products, among other improvements.

At Shahid Rajaee port, the development of infrastructure and oil product warehouses will create jobs for over 2,800 people.

Additionally, Iran's Anzali port will build a warehouse to store 53,500 tons of grain, creating jobs for 29 people.

At Imam Khomeini port, new facilities will include oil product storage warehouses, a food processing factory, a logistics center for grain transit, a logistics center for the distribution of essential products, and a small refinery for producing low-sulfur fuel. This project will generate employment for 738 people.

The construction of a covered warehouse and a vegetable oil storage facility at Nowshahr port will create employment for 20 people.

In Amirabad port, a food oil packaging facility, storage warehouses for vegetable oil, animal and poultry feed, and grain products, as well as an oil processing plant, will be built, creating jobs for 191 people.

At Bushehr port, the development of a container terminal, an oil product terminal, and storage warehouses for both general cargo and oil products will provide employment for 276 people.

At Chabahar port, a platform for loading and unloading 3 million tons of petrochemical products annually will be constructed, generating 20 new jobs.

Notably, the Ports and Maritime Organization of Iran is actively seeking private sector investment to develop the country’s ports; it has established 32 operational sectors to encourage and attract investors.

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