Imam Khome­ini Air­port free zone to be es­tab­lished

Iran Daily - - Domestic Economy -

The Min­istry of Roads and Ur­ban De­vel­op­ment signed a mem­o­ran­dum of un­der­stand­ing (MOU) with the High Coun­cil of Free and Spe­cial Eco­nomic Zones on es­tab­lish­ing the Imam Khome­ini Air­port free zone.

The MOU was signed by the Roads and Ur­ban De­vel­op­ment Min­is­ter Mo­ham­mad Es­lami and the Sec­re­tary of Iran’s High Coun­cil of Free and Spe­cial Eco­nomic Zones Morteza Bank, re­ported

This mem­o­ran­dum is aimed at re­al­iz­ing and im­ple­ment­ing the poli­cies and pri­or­i­ties of the gov­ern­ment in or­der to achieve eco­nomic pros­per­ity in the Imam Khome­ini Air­port City and cre­ate max­i­mum syn­ergy and co­or­di­na­tion be­tween the Min­istry of Roads and Ur­ban De­vel­op­ment and the Sec­re­tar­iat of the Supreme Coun­cil of Free and Spe­cial Eco­nomic Zones.

Be­com­ing the hub of freight trans­port and the sec­ond hub of pas­sen­ger trans­port in the re­gion are among the goals of the MOU.

In De­cem­ber 2019, Es­lami ap­pointed Mo­ham­mad Mahdi Kar­balaei as the new man­ag­ing direc­tor of the Imam Khome­ini Air­port City (IKAC).

The min­is­ter in­structed Kar­balaei to take mea­sures for im­prov­ing the air­port city’s struc­ture, ex­ec­u­tive man­age­ment and op­er­a­tional pro­cesses to com­ply with in­ter­na­tional stan­dards.

Es­lami also said IKAC’S newly-es­tab­lished free trade zone is an op­por­tu­nity for the coun­try’s new tech­nol­ogy-based com­pa­nies to in­crease their ex­ports.

“Lo­cated next to the cap­i­tal, this free trade zone can be­come a pow­er­ful driv­ing force for the coun­try’s eco­nomic de­vel­op­ment,” he said.

“This free zone should not be lim­ited to im­ports; high-tech prod­ucts should be ex­ported from the zone,” the min­is­ter added.

Ac­cord­ing to the of­fi­cial, this free trade zone is an op­por­tu­nity for in­vestors to con­nect di­rectly to the re­gion’s fi­nan­cial mar­kets.

Un­der­lin­ing the im­por­tance of at­tract­ing in­vest­ment in the coun­try’s free trade zones, Es­lami said the gov­ern­ment should pave the ground for the pri­vate sec­tor’s con­tri­bu­tion in such ar­eas in or­der to make the free trade zones real eco­nomic hubs.

The min­is­ter fur­ther pointed to the ne­ces­sity of de­vel­op­ing tech­nol­ogy-based busi­nesses in the coun­try, say­ing: “At the mo­ment we are los­ing our ed­u­cated work­force; they are be­ing at­tracted by other coun­tries, there­fore, there is a need to pro­vide knowl­edge-based em­ploy­ment in the coun­try.”

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