News ID: 210610
Published: 0342 GMT February 25, 2018

Jahangiri calls for domestic, foreign investment in Makran

Jahangiri calls for domestic, foreign investment in Makran

First Vice President Es'haq Jahangiri on Sunday called on domestic and foreign investors to participate in development plans in the coastal strip of Makran in southeastern Iran, promising full state support.

Speaking at the second international conference on introducing investment opportunities and sustainable development in Makran coast, Jahangiri said Makran is a key strategic area for Iran, adding that developing the coast could solve many challenges facing the country, including unemployment, reported Mehr News Agency.

Developing Makran coast could also bring about regional justice and empower the locals, he added.

Jahangiri noted that the Makran plan envisages one million residents, adding that industry, oil and gas fields can be further developed in this area.

The VP pointed to the agreement between Iran, India and Afghanistan on Chabahar which has been described as a game changer for regional connectivity, creating a regional trade, investment and transportation hub linking the Indian Ocean to Central Asia.

Another major plan currently underway, according to Jahangiri, is transferring a part of Iran's oil exports from the Persian Gulf to the Sea of Oman in Jask, Hormuzgan Province.

According to Defense Minister Brigadier General Amir Hatami, the conference on investment opportunities and sustainable development in Makran Coast is "a great chance for domestic and foreign private sector investors to become familiar with the unique opportunities in petroleum and gas, transit and transportation, tourism and the development of new urban areas."

   
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