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
Top News
Five last month
Two last year
US Energy Dept finalizes $2.26bn loan for Lithium Americas’ Nevada mine
Abandoned copper mines embraced as fast track to boost output
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Mercuria eyes equity in African assets, new metals boss says
Glencore posts lower metals output for first nine months, reiterates outlook
Gold price surge adds glitter to tarnished miners
Traders see gold as a surefire bet as coin-toss election looms
Anglo American sells Australian coal JV stake for $1.1 billion
Gold price shows little reaction to jobs data
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
Liberty Gold advances Black Pine project permitting
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years