GDP Share of Marine Economy Meager

Marine economy constitutes between 2.5% and 4.6% of Iran’s gross domestic product, says the managing director of Ports and Marine Organization of Iran. Mohammad Saeednejad added that the figure stands at 10% for many coastal countries. Referring to the private sector’s investment of up to 6,000 billion rials ($168.16 million at market exchange rates) in Iranian ports, Saeednejad said, “We seek to hand over the public facilities of dredging sector to private entities.” Iran ranks 75th in the world in terms of investment in marine infrastructure development, IRNA quoted Saeednejad as saying.