Economy, Domestic Economy

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Around 1,000 hectares of industrial land in Atrak Special Economic Zone, in the east of the northern province of Golestan - is to be sold to potential investors, the CEO of Golestan Industrial Parks Company said in a news conference on Sunday. “The purchasers are required to pay 20 percent of the total price in cash and the rest in ten installments at three-month intervals,” he said. In case the investors can put their production units into operation during the course of the first five installments, i.e. within 15 months, they would be exempted from paying the remaining installments, he added. Officials of the Atrak Special Economic Zone say the two-thousand-hectare area has the potential to turn into a regional industrial hub.