Production, Investment in Chabahar See Dramatic Growth

The value of products made in Chabahar in Iran’s southeastern province of Sistan-Baluchestan has increased 6.2-fold over the past eight years from 1,240 billion rials ($4.91 million) to 7,728 billion rials ($30.6 million), says Abdolrahim Kordi, the director of Chabahar Free Zone Organization. 
“Domestic investment in Chabahar increased from 630 billion rials [$2.49 million] in the Iranian year ending March 2015 to over 3,000 billion rials [$11.88 million] in the year ending March 2021. Only 20 investment contracts were signed in the year ending March 2015. As we speak, seventy-five contracts have been finalized with investors,” he was quoted as saying by IRNA on Wednesday.
“The Iranian year ending March 2018 could be regarded as a turning point in the history of foreign investments in Chabahar: Upwards of $63 million in foreign investment were materialized then. However, the US sanctions drove down investment to $7 million in the fiscal 2018-19. The figure rebounded in the following year and has remained on an upward trajectory thus far. As much as $16 million in foreign investment were made in Chabahar in the year ending March 2021,” he said.