PMO: USD 1 Trillion to Be Invested in Iranian Ports

Image Courtesy: PMO

Representatives of the Iranian Government have signed investment contracts with private entities worth USD 1 trillion to develop Iranian ports, the country’s Ports and Maritime Organization (PMO) said. 

The contracts include investments of USD 10 billion in Mazandaran Province, USD 20 billion in Khorramshahr Port, USD 100 billion in Gilan Province, USD 70 billion in Amirabad Port and USD 130 billion in Bushehr Province.

Moreover, some USD 45 billion will be invested in Sistan and Baluchistan Province, USD 210 billion in Khuzestan Province, and USD 350 billion in Mazandaran Province, according to the PMO.

The private investments are related to the construction of warehouses, storage facilities and port equipment as well as development and capacity promotion of ports.

Following the lifting of economic sanctions, Iran launched a 2025 strategic economic plan aimed at doubling its USD 415 billion economy.

To achieve this mission in the next decade, the Iranian Government has to ease the current climate of economic recession, reduce unemployment and become the largest exporter and the largest economy in the region.

“Iran has to diversify from its dependence on oil & gas, enhance manufacturing in non-oil sectors, develop a knowledge-based sustainable economy, and attract investments to the tune of USD 1.5 trillion,” business consulting firm Frost & Sullivan said. 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2017 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

Indonesia Marine & Offshore Expo (IMOX) 2017

Indonesia Marine & Offshore Expo (IMOX) 2017, Batamis an international maritime and offshore industrial event that brings an international…

read more >

CWC World LNG & Gas Series: Americas Summit

Now in its 15th year, the CWC World LNG & Gas Series: Americas Summit is the longest running LNG event in the Americas region.

Bringing together the key players in the LNG & gas value chain in both the Americas region and globally, this is the perfect place to make new contacts, do deals and get essential updates on the market.

This year we return to Houston, TX once again on 20-23 June 2017 – the heart of the energy industry, making it easier than ever to access they key players in your business.

More info

read more >

TOC Europe

TOC (The Terminal Operations Conference) has long been considered best in class by container terminal operators and their suppliers…

read more >

Marine Philippines 2017

The 4th edition of PHILIPPINES MARINE 2017, SHIPBUILD PHILIPPINES 2017 and OFFSHORE PHILIPPINES 2017 is the only specialized Shipbuilding…

read more >