Economy, Domestic Economy

$3.2b Invested in Kish FTZ During 4 Years

$3.2b Invested in Kish FTZ During 4 Years$3.2b Invested in Kish FTZ During 4 Years

More than 124.4 trillion rials (close to $3.21 billion) worth of investments were made in Kish Free Trade Zone during the first presidential term of Hassan Rouhani (August 2013-17), the deputy head of Kish FTZ said.

Ali Jirofti added that about $120 million of the total sum pertain to foreign investment, IRNA reported.

Jirofti noted that exports from FTZ rose from $54.7 million in 2013-14 to $137 million last year (ended March 2017).

Medical equipment, pharmaceuticals, oil products, cosmetics and toiletries were the main goods exported from Kish over the four-year period.

Kish is a 91.5-square-kilometer resort island in the Persian Gulf located 18 kilometers off the southern coast of Iran in Hormozgan Province.


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