Arvand FTZ Mulls Visa Waiver for Foreigners

Foreigners will soon be able to travel to Arvand Free Trade Zone without a visa, the deputy head of Free Trade Zone Organization, Abdollah Ka’bi, said. According to the official, the move is aimed at bringing economic prosperity to the FTZ and attracting investments and tourists to the region, IRNA reported. Arvand Free Trade Zone is located in southern Iran with an area of 37,400 hectares and at the confluence of Karun and Arvand rivers in proximity to Iraq and in the northwest of Persian Gulf. Exports from Arvand Free Trade Zone in southwest Iran hit $1.2 billion in the last Iranian year (March 2016-17). More than 60 foreign delegations visited Arvand Free Trade Zone during the period and signed investment contracts valued at $131 million, of which $35 million have been attracted so far.