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>

<< Apr 2017 >>
MTWTFSS
27 28 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

THE 30TH WORLD PORTS CONFERENCE Enabling Trade Energizing The World

This event is expected to have more than 500 attendees from the field of port, logistics, shipping and maritime industry…

read more >

Singapore Maritime Week 2017

Singapore Maritime Week (SMW) is the leading maritime event in Singapore. Driven by the Maritime and Port Authority of Singapore (MPA), SMW…

read more >

Breakbulk Europe 2017

For more than a decade, Breakbulk Europe has served as the networking hub for industry professionals who do business in Europe — or would like to! Exhibitors and sponsors include cargo owners, ocean carriers, freight forwarders, ports/terminals, heavy haulers, equipment companies and more that are involved in this specialized industry.

In addition to exceptional networking opportunities, Breakbulk Europe provides a dynamic conference, along with a range of educational and training workshops — intensive all-day classes held the day before the exhibition opens as well as many on-the-floor sessions.

  • Over 7,600 participants attended Breakbulk Europe 2016
  • Meet with over 400 exhibitors and sponsors
  • Hear from industry experts, including leading shippers, during the conference sessions
  • Learn new skills in the educational workshops held before the exhibition and on-the-floor micro-seminars and exhibitor-led sessions during the event

More info

read more >

Smart Operations

Smart Operations events, from Fathom Maritime Intelligence, examines how to use intelligent shared integration, and connected operations…

read more >