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Capacity of Irans free trade zones reaches 14m TEUs

· 2 min read

Capacity of Iran's free trade zones reaches 1.4m TEUs​

TEHRAN – Iran's free trade zones collectively offer a bulk capacity of 61 million tons and 1.4 million TEUs, with the ability to handle 12 million passengers annually, the secretary of Free Zones High Council reported during a meeting with President Masoud Pezeshkian.

Capacity of Iran's free trade zones reaches 1.4m TEUs

During the session, Reza Masrour presented a review of the maritime economy and port capacities of key free zones, including Anzali, Kish, Qeshm, Chabahar, Arvand, Bushehr, and Mazandaran, Tasnim News Agency reported.

In this meeting, President Pezeshkian underscored the importance of fully utilizing the existing capacities of free trade zones. He called for the preparation of a strategic roadmap for these zones and emphasized the development of north-south and east-west transit corridors, with input from prominent consultants in the free trade sector.

Iran's free trade zones play a crucial role in facilitating trade, investment, and tourism by offering tax incentives, reduced tariffs, and streamlined regulations. The southern zones, such as Chabahar, Kish, and Qeshm, serve as key gateways for trade with the Indian Ocean, while northern zones like Anzali and Mazandaran provide critical access to the Caspian Sea region.

The Chabahar Free Zone, in particular, holds strategic significance as a transit hub connecting Iran to Central Asia, Afghanistan, and India via the International North-South Transport Corridor (INSTC). Meanwhile, Kish and Qeshm are pivotal for tourism and energy-related industries, with advanced port infrastructure to support containerized and bulk cargo handling.

The total capacity of 61 million tons of bulk cargo and 1.4 million containers highlights the zones' potential to strengthen Iran’s position as a regional logistics hub. Additionally, the ability to accommodate 12 million passengers annually reflects the zones' growing role in boosting tourism and maritime transport.

Officials emphasized the need to address challenges, including infrastructure development and modernizing port facilities, to fully capitalize on the economic opportunities offered by the free zones.

EF/MA

source: tehrantimes.com