Kish Attracts over $300 Million Investment in 3 Years
Kish Island, August 13, 2016- Over 300 million dollars has been invested in diverse industrial projects in Kish Island during the past three years.
According to the Public Relations and International Affairs Department of Kish Free Zone Organization, the funds have been allocated to 65 industrial projects in Kish.
Meanwhile, the number of active industrial units in Kish has witnessed a 17% increase during the same period, rising to 427 units in 2015 from 362 units in 2014.
So far, 72 new industrial units have been set up in the Persian Gulf.
The latest progress comes amid KFZO increasing support for improving industrial activities in Kish as part of President Rouhani’s administration emphasis on boosting free trade zones in Iran in a bid to enhance investment and entrepreneurship.
Managing Director of Kish Free Zone Organization, Dr. Ali Asghar Mounesan has attributed the industrial growth in Kish to KFZO’s activities aimed at developing the infrastructures in the Persian Gulf Island.
Dr. Mounesan described support for Iranian industrial activists as key to boosting industrial activities in the country and said KFZO has adopted a number of measures including granting lands and required certificates to industrial activists in an effort to facilitate industrial activities.
Dr. Mounesan also said the investments have led to the implementation of resistance economy policy, job creation, as well as an increase in exports.
He also pointed to KFZO’s support for establishing knowledge-based companies in Kish as part of plans to transfer cutting edge technology to the Persian Gulf Island.
Expanding high-tech industries has already topped the agenda of Kish Free Zone Organization. KFZO has given priority to investment in such industries including those active in producing electronic and medical supplies, which can ultimately export products to other countries.
KFZO, via adopting supportive policies, including tax exemption and granting special incentives, has been seeking to draw more knowledge-based companies to Kish Island, Dr. Mounesan concluded.
PR & Int'l Affairs Department- KFZO