News ID: 118726
Published: 0731 GMT May 24, 2015

Official: Iran to build aluminum plant in Arvand

Official: Iran to build aluminum plant in Arvand

Secretary of the Supreme Council of Free and Special Economic Zones Akbar Torkan announced that the council has approved the plan for the construction of an aluminum manufacturing plant in Arvand zone, in Khuzestan province.

"The project for the construction of an aluminum factory with the capacity of 4,700 tons per year…is on our agenda," Torkan, who is also Iran's senior presidential advisor, told Fars News Agency on Sunday.

He underlined that the aluminum industry will help the economy of Arvand zone.

In March, Torkan said Iran has paved the way for attracting further investments to the free trade zones through two scenarios.

"There are two scenarios for attracting foreign investment to Iran's free zones; one is continuing our present moves despite the existing restrictions, and the second is expediting the presence of foreign investors in Iran's projects if Tehran and the P5+1 (the US, Russia, China, France and Britain plus Germany) come to a final agreement," Torkan said.

He noted that many foreign investors have shown interest in investing in Iran's free zones.

In September, Torkan underscored the fruitfulness of free zones for the country's economy, and informed that Tehran is resolved to establish new free trade zones along its borders to create jobs and expand trade with neighboring countries.

Torkan said that the border regions of Inche-Boroun, Lotfabad and Duqaroun have been put on the table to become free zones.

He further evaluated the establishment of new free zones as a good mechanism for developing trade and industrial transactions with neighboring countries.

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