‘Iranian free zones register positive trade balance over past 2 years’

TEHRAN - The Secretary of Iranian Free Zones High Council Hamidreza Mo’meni said the trade balance of the country’s free and special economic zones has been positive in the past two years despite the negative balance of the country's foreign trade.

CBI to allocate 50% of bank deposits in free zones to production units

TEHRAN – Central Bank of Iran (CBI) has agreed to a plan for allocating 50 percent of the bank deposits of the country’s free zones to the production units based in these zones, an official with Iran’s Free Zones High Council announced.

Iran to develop tourism infrastructure in Hendurabi Island

TEHRAN - Iran will be developing tourism infrastructure in Hendurabi Island, which is situated west of the touristic Kish Island in the Persian Gulf.

Investment in free zones jumps 57%

TEHRAN- The amount of investment attracted in Iran’s free zones has climbed 57 percent during the first nine months of the current Iranian calendar year (March 20-December 20, 2020), as compared to the corresponding period in the past year, according to Morteza Bank, the secretary of Iranian Free Zones High Council.

Over $25b of investment to create 102,000 jobs in free, special economic zones

TEHRAN- Some 1,000 trillion rials (around $24 billion at the official rate of 42,000 rials) plus $1.5 billion of foreign investment is forecast to be invested in free and special economic zones of the country, creating 102,500 jobs by August next year, according to Morteza Bank, the secretary of Iranian Free Zones High Council.

Establishing 8 new FTZs across Iran on agenda

TEHRAN - Secretary of Iranian Free Zones High Council Morteza Bank said on Saturday that eight new free trade zones (FTZ) are going to be established across the country, ILNA reported.

Businesses in free zones to get coronavirus compensation facilities

TEHRAN - First Vice-President Es'haq Jahangiri said business units based in Iran’s free trade zones can use the 500 trillion rials (about $11.9 billion) of facilities that the government is providing to compensate the economic damages of the coronavirus outbreak.

By Afshin Majlesi

“Majestic Iran” salutes travel, culture enthusiasts and exhibitgoers

TEHRAN – The 13th Tehran International Tourism Exhibition opens tomorrow morning with all hopes to well introduce lesser–known destinations, services and travel businesses, yet to offer pocket-friendly travel packages to the visitors.

By Afshin Majlesi

AFZ has potential for launching air taxi service: tourism expert

TEHRAN – There is a potential for launching air taxi service in Arvand Free Zone, southwest Iran, as the region enjoys the presence of businessmen, travelers, investors as well as foreign nationals, local tourism expert Mahmoud Navaser told the Tehran Times.

Annual exports from free zones at $17b

TEHRAN- The value of domestically-made products exported from Iran’s free zones stood at $17 billion in the past Iranian calendar year (ended on March 20, 2019), according to an official with Iran’s Free Zones High Council.

‘2600 industrial, service and tourism units operating in Iranian free zones’

TEHRAN – Some 2600 industrial, service and tourism units are operational in Iran’s free trade zones, ILNA reported quoting Secretary of Iran’s Free Zones High Council Morteza Bank.

Foreign arrivals in Iran’s Chabahar sharply rise

TEHRAN – Chabahar, in Iran’s southeastern Sistan-Baluchestan province, hosted 3,200 foreigner nationals during the first nine months of the current Iranian calendar year (started March 21, 2018).

Details of establishing intl. bourse in free zones announced

TEHRAN- Advisor to the head of Iran Securities and Exchange Organization (SEO) announced the details of the establishment of the international bourse in the country’s free zones, IRNA reported on Saturday.

By Mahnaz Abdi

International bourse in free zones under discussion

In an interview conducted by IRNA on Monday, the Secretary of Iran’s Free Zones High Council Morteza Bank announced that the council has submitted the draft bill on establishment of international bourse in the country’s free zones to the economic committee of the parliament and this committee is investigating the draft which will be then proposed to the cabinet.

Imports of raw materials without order registration allowed in free zones

TEHRAN- The Islamic Republic of Iran Customs Administration (IRICA) has legalized imports of 3,243 various types of raw materials and production parts into the country’s free economic and industrial zones as well as free special economic zones without order registration, IRNA reported.