H1 Foreign Investments in Aras FTZ Increase by 78%

A total of $25 million worth of foreign investments were made in Aras Free Trade and Industrial Zone located in West Azarbaijan Province during the first half of the current Iranian year (March 20-Sept. 21) to register a 78% rise compared with the similar period of last year when the figure stood at $14 million, according to a board member of FTZ.
Situated in northwest Iran bordering Armenia, Azerbaijan and the semi-autonomous Nakhichevan region, Aras is the main gateway to mainland Iran from the northern Commonwealth of Independent States.