NEWS
Investment   Sailing, Ports & Shipping  

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.

News No: 9919
Date: 2020/09/28 - 18:35
News Source: Fars News

Shahid Beheshti Port  Chabahar port  Mandana Zangeneh 

Comments:

Leave a Comment:

   
   
   
 

Ports operating non-stop despite sanctions, pandemic

While the coronavirus pandemic has created many limitations for the economic activities all around the world, operations at Iranian ports are underway continuously, and even the U.S. sanctions could not halt activities at the ports.
 

Iran’s Trade Heart Beating in Southeastern Province

Sistan and Balouchestan province enjoys unique potentials for trade and goods transit due to its geographical situation, a provincial official said on Monday.
 

Proper ground for investment making prepared at ports of Iran

Iran, which has adopted the strategy of boosting its non-oil export to counter the U.S. sanctions on its economy, has many programs underway for the development of its ports, regarding the significant role of the ports in the promotion of exports.
 

627,000 tons of basic goods unloaded at Chabahar port since Mar. 20

Some 627,000 tons of basic goods have been unloaded at Iran’s oceanic port of Chabahar since the beginning of the current Iranian calendar year (March 20), IRNA reported quoting Behrouz Aghaei, the director-general of Sistan-Baluchestan Ports and Maritime Department.
 

Chabahar to receive several mobile harbor cranes by Mar. 2021

Head of Iran’s Ports and Maritime Organization (PMO) said India has ordered the necessary equipment for Chabahar port’s development project and the port will receive several mobile harbor cranes during the current Iranian calendar year (ends on March 20, 2021).
 

India to save 20% logistic cost in supplies to CIS countries via Chabahar

By developing strategic Chabahar Port in Iran, Indian will reduce logistics cost by 20 percent in container transport to CIS countries, bypassing China or Europe, Indian Minister of State for Shipping Mansukh Lal Mandaviya stated.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners