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Foreign investors rushing to Maku Free Zone
2015/Oct/21
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Speaking at a press conference, he added the zone has been receiving notifications to the effect from foreign firms for the last three months, according to a fax sent to Iran Daily.
He added a company in which China holds a 70 percent stake has begun constructing a power plant in the zone.
Forouzan added an Indian company has also embarked on establishing an aluminum plant in Iran which is to become operational in the year to mid-March 2017.
A private company has announced readiness to invest $3billion in a petrochemical industry project whose executive operations will begin as soon as sustainable flow of feedstock is guaranteed, he disclosed.
Forouzan said Turkish investors have also announced willingness to construct a power plant in Iran.
He added German financiers are due to visit the zone in the coming days, to discuss funding for a number of projects.
The zone managing director noted MFZ offers great potentials for investment in view of its location on the border with Turkey.
He said in the year to mid-March 2015, goods worth almost $6 billion and $5.5 billion were transited and exported, respectively, via MFZ.
Maku Free Zone Organization was established to administer affairs of the zone and implement economic development projects, encourage the flow of foreign funds to the country, raise revenues, boost employment, regulate labor and goods market, expand Iran presence in regional as well as global markets, offer public services and increase production of industrial and technological goods.
Maku is located in West Azarbaijan province. In a census carried out in 2006, the citys population was estimated at 41,865.
It is situated 22 kilometers from the Iran border with Turkey in a mountain gorge at an altitude of 1,634 meters. The Zangmar River crosses the city. Maku Free Zone Organization, which has an area of 500,000 hectares, is the largest and the second largest free trade zone in Iran and the World respectively.
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News 2015/Oct/21 |
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Tehran was hosting 26 high-ranking officials of European embassies in Iran on Tuesday
2015/Oct/20
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All participants in the event believed that cooperation between Iran and European countries can take an ascending trend in the post-sanctions era, according to the TCCIMA official website.
Iranian private sector representatives attending the event insisted that joint cooperation in investment and industrial projects should be conditioned upon technology transfer to the Iranian side, something, which in turn, paves the way for the present of European firms in Iran.
At the outset of the event, Massoud Khansari, TCCIMA chairman, said: “It is certainly an opportunity for us to have access to technological and industrial advances of European countries, and therefore, any joint investment ventures between European and Iranian private sector are welcomed.”
Khansari was not the only speaker of the session and some of the participants shared their views on the future of cooperation between Iran and European countries.
Resource: Tehrantimes |
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News 2015/Oct/20 |
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Russian energy minister to visit Iran
2015/Oct/17
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Russian Energy Minister Alexander Novak will visit Iran on October 21 at the head of a large economic delegation to discuss expansion of bilateral trade. |
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News 2015/Oct/17 |
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Iran reveals major plan to expand shipping fleet
2015/Oct/17
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Iran has announced a major drive to expand its shipping fleet to prepare it for an immediate return to the maritime industry once the US-engineered sanctions are lifted. |
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News 2015/Oct/17 |
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Iran, New Zealand highlight expansion of economic ties
2015/Oct/15
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In a Thursday meeting between Eamon O’Shaughnessy, New Zealand Ambassador to Iran and Aliakbar Farazi, Deputy for International Affairs of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA), the two sides stressed expansion of economic collaboration, the public relationships department of the ICCIMA reported. |
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News 2015/Oct/15 |
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