Kish, Hormuzgan prov, July 26, IRNA – Managing Director of Kish Free Trade Zone Ali Asghar Mounesan said he expected a flourishing trend of foreign investments in the zone after the nuclear deal with the 5+1.

In an exclusive interview with IRNA, he elaborated on the issues pertaining to foreign and domestic investments in Kish Free Trade Zone, highlighting the fact that promoting international tourism and trade was among the major missions of the zone.

He said no heavy industries have been allowed so far in the island as they would have adverse effect on the living environment of the Free Zone which is primarily established to promote tourism.

The Persian Gulf island, he noted, has 6 industrial towns accommodating about 500 high tech units active in pharmaceutical and medical equipment, foodstuffs and health, oil industry logistics and packaging.

He referred to sanctions and their adverse outcomes in past years including lack of chances of financial transactions, absence of international banks and insurance companies among the impediments of foreign investments in the island.

He said now in the aftermath of the nuclear deal which would result in removal of sanctions against Iran, foreign trade delegations have already started to arrive in the free zone to explore new areas of investment and cooperation.

By IRNA