BAKU, Azerbaijan, March 17. Investment in Iran’s Persian Gulf Mining and Metal Industries Special Economic Zone has surged sixfold in the current Iranian year (from March 20, 2024, through March 20, 2025) compared to the previous year (from March 21, 2023, through March 19, 2024), Mohammad Reza Pirhoseynlu, Executive Director of the zone, told reporters, Trend reports.
In a communiqué to regional press outlets, Pirhoseynlu affirmed
that the sector has garnered capital influx amounting to roughly
$10.3 billion in the ongoing Iranian fiscal year. The capital
influx will be sourced from a diverse consortium of 14 distinct
stakeholders.
He also underscored that in the preceding Iranian fiscal year,
capital inflows totaling $1.7 billion were aggregated from a
consortium of 12 investors within the designated zone.
The official elaborated that the escalating capital influx into the
nation’s extractive and metallurgical domain is not merely
catalyzing economic advancement and generating employment
opportunities but will also bolster Iran’s strategic standing in
fulfilling the international appetite for mineral resources.
To note, the Persian Gulf Mining and Metal Industries Special Economic Zone, located in the port city of Bandar Abbas in the Hormozgan Province of Iran, is a zone affiliated with the Organization for the Development and Modernization of Mining and Mines of Iran (Isidro). Electricity, gas, water, and port facilities have been established in this zone, contributing to an increase in the production of investment and mining sectors. The area of the zone is 5,000 ha.
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