Chabahar Port to See over €500mln Investment
Deputy Governor of Sistan and Balouchestan province Mandana Zangeneh said the high capacities of Chabahar port have attracted many investors, adding that a company has proposed to make €550m investment in the region.
She said that an investment company has requested to establish a refinery to produce fuel for heavy vessels, noting that project is envisaged to require 400-500 million Euros.
The official added that the first phase of the project will start with €150m credit.
She also pointed to the project of building a hotel with 300 apartments in South of the province.
In relevant remarks in September 2019, Director General of Sistan and Baluchestan Ports and Maritime Organization Behrouz Aqayee said that around thirty companies from home and abroad are competing for investment opportunities in Shahid Beheshti Port in the Southeastern Iranian coastal city of Chabahar.
Turning to the increase of attraction of Foreign Direct Investment (FDI) in Chabahar Port, he stated, “as the largest oceanic port of the country with a strategic location and access to international free waters, Chabahar Port has a special place in Iran’s exchanges of goods with other countries in the region.”
As a gateway of doing trade and business with IORA (Indian-Ocean Rim Association), CIS (Commonwealth Independent States), Afghanistan, Central Asia and proximity to the ports in the Sea of Oman and Indian Ocean, Chabahar Port is the best transit route for regional countries in terms of offshore, onshore and security trade, he emphasized.
source: Fars News
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