August 25, 2020 19:21

67 Development Projects Worth $865 Million Underway in Kish

Forty-seven projects worth 110 trillion rials ($475 million) will become operational on Kish island in the current and next fiscal year (ending March 2022)

A total of 67 development projects worth 200 trillion rials ($865 million) are underway on Kish island.
According to Ali Moqaddaszadeh, an official with Kish Free Trade Zone, these projects have created jobs for 35,000 people, ILNA reported.
“Forty-seven out of these 67 projects will become operational in the current and next fiscal year (ending March 2022),” he added, noting that about 16,000 jobs are expected to come on stream once all these projects are completed.
He put the value of these 47 projects at 110 trillion rials ($475 million) and said a total of $100 million worth of foreign investments have been made in Kish to date.

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Kish Island FTZ News