Economy, Domestic Economy
0

$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.

 

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com