Foreign Investments in Arvand FTZ Reach $52m in Fiscal 2020-21

A total of $52 million worth of foreign investments were made in Arvand Free Zone in the last Iranian year (March 2020-21).
“Foreign investments in Arvand Free Zone show a significant increase compared to $2 million the year before and has come about despite restrictions caused by the Covid-19 pandemic as well as heavy sanctions imposed by the US on the Iranian economy,” Ali Mousavi, deputy for investments and business expansion of Arvand FTZ Organization, was quoted as saying by IRNA.
The official said local investments in the southern FTZ amounted to 30 trillion rials ($120 million) last year, showing a 60% rise compared with the year before, adding that these investments were made in the fields of production, industry, infrastructure, trade and services.