Domestic Economy

Private Investment in Iran's Amirabad Port Reaches $11m

Private Investment in Iran's Amirabad Port Reaches $11mPrivate Investment in Iran's Amirabad Port Reaches $11m

The private sector has invested 1.47 trillion rials ($11 million) in Amirabad Port since the beginning of the current Iranian year (March 21, 2018), the manager of Amirabad Port and Special Economic Zone said on Monday.
“These investments have been made to set up projects in the fields of flour and fuel storages and a wood processing unit. These projects have made between 30-40% progress so far and will create 500 jobs when completed,” Siyavash Rezvani was also quoted as saying by IRNA.
The official added that 10% of the investments have been made by foreigners.
“During the same period, close to 3.7 million tons of commodities were loaded and unloaded in Amirabad Port, showing a 19% increase compared with the corresponding period of last year. We predict the figure to rise to 4 million tons by the yearend [March 20, 2019]," he said.
During the period, the main exported product from Amirabad Port was construction material and the main imported commodities were raw material for wood processing units, fuel and raw material for industrial firms.  
According to Rezvani, only 60% of Amirabad Port’s capacity of 7 million tons are being used at present. 

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