Iran Private Sector Signs $2.3b Port Deals

The Ports and Maritime Organization and the Iranian private sector on Monday signed 13 memoranda of understanding worth 100 trillion rials (close to $2.38 billion) to invest in Iran’s northern and southern ports.

Minister of Roads and Urban Development Abbas Akhoundi, who was present at the signing ceremony, said the government wants Iranian ports to be developed by private companies, IRNA reported.

Based on the MoUs, the private sector will invest in the ports of Shahid Rajaee, Imam Khomeini, Khorramshahr, Bushehr and Chabahar in the south and Amirabad, Anzali and Noshahr in northern Iran.