UAE businesspeople declare readiness to invest in Kish

Economic activists and investors from the United Arab Emirates (UAE) have indicated their readiness to invest in various economic activities in Iran’s Kish Island.

According to Iranian media, the group of UAE businesspeople and economic activists met and conferred with the Managing Director of Kish Free Trade Zone Organization Ali Asghar Mounesan on Sunday.

The group represents a private company active in the field of commercial flights and providing services to private jets.

During their meeting with the managing director of Iran’s Kish Free Trade Zone Organization (KFTZO), the UAE businesspeople and investors discussed conditions for cooperation with KFTZO and taking advantage of the advanced facilities available at Kish International Airport.

The group also discussed with the Iranian official the possibility of taking advantage of the equipment and services available at the Kish Airport, including technical, engineering, and maintenance services for the construction of special hangars and launching private jet flights to the mainland.

The UAE businesspeople also toured the Kish Island and were introduced to advanced facilities and investment opportunities available on the Persian Gulf island.

The visit by the UAE delegation followed a recent trip to the UAE by Mounesan during which he invited UAE investors as well as Iranian businesspeople living in the Persian Gulf country to make investments in Iran’s Kish Island.

The United Arab Emirates business hub of Dubai hosted an international conference on the investment opportunities in Iran’s free trade zones in mid-June.

The one-day conference was attended by Akbar 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 UAE and Saudi Arabia.

The role 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.

On the sidelines of the conference, Torkan told reporters that Iran’s policy toward free zones is to create suitable grounds for the attraction of domestic and foreign investments.

“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 added.

By Press TV