IFP Exclusive

$158m in Foreign Investment Went into Iran’s Free Zones in 9 Months

Iranian free trade zones absorbed some $158 million in foreign investment in the nine months to December 2020 depsite the US sanctions.

As much as $200 million in foreign finances was also funneled into free zones last year, said an Iranian official.

“In the twelve months to March 2020, the country absorbed an overall $1.5 billion in foreign investment, $200 million of which went into free zones,” said Ahmad Jamali, the deputy head of the Secretariat of the High Council of Free Trade-Industrial Zones and Special Economic Zones.

“The statistics show around 15% of the foreign investment in the country went into free zones,” he said.

He underlined the coronavirus pandemic and sanctions were two major contributors to a drop in investment in the country’s free zones.

The official noted some $138 billion worth of goods have been exported from Iran’s free zones so far, with imports standing at $48 billion.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

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