CEO of the Maku Free Zone Hossein Garousi told reporters on Tuesday that the Sarakhs Special Economic Zone will soon be connected to Bazargan Customs and Maku Free Zone.
He put the current volume of products imported into Iran’s free zones at $3 billion.
There are more than 4,500 free zones in the world, 1,500 of which have been set up since 2015, he stated.
Under a bylaw approved at the Iranian Parliament last week, three new free zones will be set up in the country, and this shows that free zones have been successful in realizing their objective, Garousi stated.
He pointed to facilitating trade and transit and connecting the Asian continent to Europe as the advantages of free zones in the country’s west and added that no free zone except Maku has diversified mines.
He also highlighted the role of this zone in boosting food security through Aras River and Aras Dam Lake and also raising organic products and noted that a 2,200-hectare garden will be constructed in the zone which will be unique in its kind in the Middle East.
“We are also pursuing the development of airport and road- and rail network,” Garousi added.