Business And Markets

Non-Industrial Investments in Kish FTZ Increase

Non-Industrial Investments in Kish FTZ IncreaseNon-Industrial Investments in Kish FTZ Increase

Non-industrial investments worth 37.5 trillion rials (about $1 billion) were made in Kish Free Trade Zone in the last Iranian year (ended March 20, 2017), which stood at 7 trillion rials ($186.66 million) in the fiscal March 2012-13, an official with Kish Free Trade Zone Organization said.  “Over the past four years, about 6,007 direct jobs were created in Kish, up from 930 in March 2013-14. As many as 427 manufacturing and service-providing entities were established last year, indicating more than a 17% rise compared with March 2014-15," Ali Jirofi was also quoted as saying by ILNA. Kish is a 91.5-square-kilometer resort island in the Persian Gulf off the southern coast of Iran, which enjoys free trade zone status.


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