29 May 2024
Tuesday 2 June 2015 - 04:24
Story Code : 165700

Official: Iran to construct high capacity Aluminum factory in Arvad zone

TEHRAN (FNA)- Secretary of the Supreme Council of Free and Special Economic Zones Akbar Torkan announced that the council has approved the plan for the construction of an aluminum manufacturing plant in Arvand zone, in Southern Khuzestan province.

"The project for the construction of an aluminum producing factory with the capacity of 4,700 tons per yearis on our agenda," Torkan, also Iran's senior presidential advisor, told FNA on Sunday.

He underlined that the aluminum industry will help boost the Arvand zone's economy.

In March, Torkan said Iran has paved the way for attracting more investments to the country's free trade zones through two scenarios.

"There are two scenarios for attracting foreign investment to Iran's free zones; one is continuing our present moves despite the existing restrictions, and the second one is expediting the presence of foreign investors in Iran's projects if Tehran and the Group 5+1 (the US, Russia, China, France and Britain plus Germany) strike a final agreement," Torkan said.

He noted that many foreign investors have shown interest in investing in Iran's free zones.

In September, Torkan underscored the fruitfulness of free zones for the country's economy, and informed that Tehran is resolved to establish new free trade zones at borders to grow job creation and foreign trade with the neighboring nations.

Torkan said that border regions of Inche-Boroun, Lotfabad and Duqaroun have been put on the table to become free zones.

He further evaluated establishment of new free zones as a good tool to develop trade and industrial transactions with the neighboring countries.

Referring to the policies of 'resistant economy' and the effective role of the countrys free zones in implementation of these policies, he said one of the most strategic aspects of the 'resistant economy' for the free zones is establishment of good relations with the neighboring countries.

Several free trade zones have been thus far established in Iran which play an important role in the country's trade transactions with other states, in the meantime, they have attracted a large amount of domestic and foreign investments in various industrial and tourism sectors.

By Fars News Agency
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