Economy, Domestic Economy
0

Chabahar Port Ripe for Investment

Chabahar Port Ripe for Investment Chabahar Port Ripe for Investment

After the removal of western sanctions against Iran over its nuclear program on January 16, 64 foreign delegations and investment companies have visited the port of Chabahar in Iran’s southeastern Sistan-Baluchestan Province, according to Hamed Ali Mobaraki, CEO of Chabahar Free Zone. “This is an indication of the port’s regional and global prominence. Investors in Chabahar can benefit from a 20-year tax exemption. Furthermore, no duties are charged for the import of light and heavy industrial machinery,” IRNA quoted Mobaraki as saying. The strategic location of Chabahar Port on the coast of the Sea of Oman, which connects regional countries to the oceans, makes it an ideal spot for local and foreign investments and economic activity.

Financialtribune.com