Private Investment in Free Trade, Special Economic Zones Hit $6.2b

More than $6.2 billion worth of investments were made by the private sector in Iran’s free trade and special economic zones during the first nine months of the current Iranian year (March 20-Dec. 20, 2020).
A total of 127 trillion rials ($488 million) in local currency, in addition to $94 million [in foreign currency] worth of domestic investments, were made in free trade and special economic zones, showing a 15.45% rise in the former and no significant change in the latter year-on-year, says Mohammad Reza Khazraei-Manesh, an official with the Supreme Council of Free Trade and Special Economic Zones.
“Investments made in local currency in Special Economic Zones amounted to 300 trillion rials ($1.15 billion), registering an upsurge of 237.1% YOY as domestic investments made in foreign currencies reached $4.5 billion over the nine-month period, experiencing no significant change,” he told IRNA.