Economy, Business And Markets
0

Qatar to Invest in Iran’s Southern Ports

Web and Social Media Desk
At present, the two southern ports of Bushehr and Lengeh account for the largest portion of goods sent from Iran to Qatar. However, Qatari officials seek stronger ties with all the Iranian southern ports
A delegation of high-ranking officials from Qatar’s Ports Management Company recently paid a visit to Iran’s southern ports and met their Iranian counterparts.
A delegation of high-ranking officials from Qatar’s Ports Management Company recently paid a visit to Iran’s southern ports and met their Iranian counterparts.
The value of trade between Iran and Qatar hit $275 million in the last fiscal year (March 2017-18), marking a 137% increase compared with the year before

Qatar plans to invest in the development of southern ports of Iran to help expand economic cooperation and increase bilateral trade, the director of Qatar Ports Management Company said at a press conference in Bushehr earlier this week. 
“Qatar has long-term plans to increase trade ties with Iran and invest in its southern ports, which have an economic advantage for both countries … We firmly seek expansion of bilateral relations and nothing can change our strategic decision for expanding ties with Iran,” Mohammad Al-Khanji was also quoted as saying by Iran’s Ports and Maritime Organization’s website. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com