BAKU, Azerbaijan, December 1. Around 40.7 trillion rials (about $87.4 million) worth of investments were attracted in 123 projects in the ports of Hormozgan Province located in southern Iran during the six months of the current Iranian year (from March 20 through September 21, 2024), Director General of İran's Ports and Maritime Administration of Hormozgan Province Hossein Abbasnejad told reporters, Trend reports.
According to him, investment in the ports of Hormozgan Province has risen by 37 percent compared to the previous year.
Abbasnejad further stated that these investments have led to the initiation of 79 projects at Shahid Rajaee Port, 20 projects at the eastern ports of the province, and 24 projects at the western ports of Hormozgan.
The official added that investments totaling 1.07 quadrillion rials (approximately $2.3 billion) have been made in the ports of Hormozgan Province in southern Iran over the past 30 years.
To note, Iran's Hormozgan Province has 118 ports. Of them, 44 ports are multi-purpose, 31 are fishing ports, 13 are commercial ports, 13 are entertainment and recreational ports, 11 are oil ports, three are passenger ports, and three are industrial ports.