Economy, Business And Markets

Turkish Investors Visit Aras Free Zone

Turkish Investors Visit Aras Free ZoneTurkish Investors Visit Aras Free Zone

A 21-member delegation of Turkish investors visited Aras Free Trade and Industrial Zone on Monday to explore investment opportunities there.

In a meeting with the delegates, director general of the free zone, Mohsen Khadem, referred to “competitive advantages” of Aras such as incentives offered to inventors and businesspeople; low energy prices; skilled workforce; and cheap raw materials, which provide “golden opportunities” for manufacturing, marketing and exports, IRNA reported.

Since March, when Aras joined the World Free Zones Federation, more than two dozen groups of investors from different countries have visited the free zone.

More than 100 manufacturing and commercial units are now operating in the zone and their products are exported to regional countries.

Aras is located in northwestern Iran and borders neighboring Armenia, Azerbaijan and Nakhchivan Autonomous Republic. It serves as a corridor and connects Iran to Central Asian countries.