Iran aims to attract more investment to develop its free zones: Torkan

A senior advisor to Iran’s President Hassan Rouhani says attraction of investment is Tehran’s basic strategy for the development of free trade zones (FTZs).

Speaking to reporters on the sidelines of a one-day conference on the investment opportunities in Iran’s free trade zones in Dubai, the United Arab Emirates (UAE), Akbar Torkan said Iran’s policy toward such zones is to create suitable grounds for the attraction of domestic and foreign investments.

Torkan, who is also secretary of the Supreme Council of Iran’s Free Trade, Industrial and Special Economic Zones, added that transfer of modern technology is another step that Iran is going to take in order to develop its free zones.

Explaining on the capacities of Arvand Free Trade Zone in southwestern Iran, the official added that Arvand Free Trade Zone enjoys high potential for the establishment of various tourism and industrial facilities and attraction of investors.

“Iran seeks to further strengthen economic relations with all regional countries, including the United Arab Emirates, and encourage joint investment in its free zones,” he said.

Torkan added that investors have already shown great enthusiasm for investing in petrochemical, chemical and food industries in Arvand Free Trade Zone.

The one-day conference on the investment opportunities in Iran’s free trade zones opened in Dubai Saturday night, attended by Torkan, Iran’s Ambassador to the UAE Mohammad Reza Fayyaz, a group of Iranian businesspeople and investors, as well as a number of businesspeople from the UAE and Saudi Arabia.

The position of free zones in economic development of Iran, ways of attracting foreign capital and technology to Iran’s free zones, and major grounds for investment in Arvand and Chabahar free trade zones, were major topics of discussion during the event.

By Press TV