Iran keen to attract investments in Qeshm FEZ
By Nigar Abbasova
The Islamic Republic of Iran has managed to attract foreign investments to its Qeshm Free Economic Zone. Managing Director of the FEZ Hamid-Reza Momeni told IRNA that following the nuke deal signed in 2016 more than 10 countries expressed their readiness to invest in Qeshm.
He noted that the nuclear deal increased interest of investors in the Islamic Republic.
Qeshm Island is located a few kilometers off the southern coast of Iran, opposite the port cities of Bandar Abbas and Bandar Khamir and nearly 1,382 kilometers south of Tehran. The 135 km long island, which is the largest in the Persian Gulf, comprises a 300 square kilometer free zone.
“Considerable oil and gas potential, access to marine port, existence of an airport capable to accept large-tonnage aircrafts make the Island a very attractive destination for investments,” he said.
The official noted that investors from France, Italy, Japan, the United Kingdom, Russia, China, Norway, Austria, Oman, UAE, India, and Kuwait have already visited the area and expressed their interest in it.
“Representatives of Russian banks and insurance companies expressed a wish to open subsidiaries at the site,” he mentioned.
Following years of limited access to external capital, the Iranian government spares no effort to attract FDI by offering attractive tax incentives, amongst other benefits.
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Nigar Abbasova is AzerNews’ staff journalist, follow her on Twitter: @nigyar_abbasova
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