Iran Revives Unfinished Investments on Kish Island

Iran’s economy minister, Seyed Ali Madanizadeh, has announced the reactivation of nearly 110 trillion rials (around $1.5bn) in investment projects on Kish Island, a free-trade zone in the Persian Gulf. The projects, initiated in previous years but left dormant due to regulatory and financial obstacles, are now being brought back into operation.

Speaking at the end of his visit to Kish, Mr Madanizadeh said that problems affecting 13 additional projects are being resolved, paving the way for their revival. He noted that over the past year, the island has attracted 42 trillion rials in domestic investment and €150m in foreign capital.

The minister also highlighted efforts to address legal and administrative barriers facing Iran’s free-trade zones. A draft bill prepared by the Supreme Council of Free Zones Secretariat to remove such obstacles has been reviewed and is expected to be submitted to parliament soon.
News ID 732912