The Persian Gulf Special Economic Zone"s annual shipping capacity is to be expanded to 12 million tons from the current 6 million tons.
The Persian Gulf Special Economic Zone"s annual shipping capacity is to be expanded to 12 million tons from the current 6 million tons. Stating the above in Bandar Abbas on Wednesday during a visit to the site of the first phase of the expansion plan, the managing director of the Persian Gulf SEZ Organization added the plan is expected to finish within 20 months costing $42 million.
Bahman Ayar Rezaii expressed satisfaction over the project"s progress and said the expansion plan is aimed to meet demand rise of dock facilities and engineering services.
The zone"s dock was launched in 1994 with a landing capacity of 150 thousand tons, and annually 6 million tons of goods are embarked and disembarked in the zone dock, Rezaii noted. He explained that steel and aluminum projects underway in the zone necessitate the capacity expansion.
The Commerce Ministry presented a plan to the cabinet on June 17 for the establishment of a greater Persian Gulf Special Trade Zone.
The commerce minister"s advisor for SEZ affairs Hossein Soltaninia said that the plan was prepared in line with the policy for expanding economic, cultural, and trade relations with Persian Gulf littoral states.