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Signing 6 MOU for private sector investment in Shahid Rajaei port’s hinterland

Signing 6 MOU for private sector investment in Shahid Rajaei port’s hinterland
Ports and Maritime Organization (PMO) signed six memorandums of understanding (MOU) with domestic companies for investing 100 trillion rials (about $2.38 billion) plus €800 million in development projects of Shahid Rajaee port’s hinterland.

The signing ceremony was attended by the Iranian Transport and Urban Development Minister Mohammad Eslami, and the PMO Head Mohammad Rastad.

The mentioned investments will be made in a variety of projects including zinc, lead, manganese, and copper factories, the construction, and development of industrial components and parts production units, development and integration of the existing industrial units in the area, construction of an alumina refinery, as well as the construction of container manufacturing units.

Implementation and construction of production units in Shahid Rajaee Port will make this port a center for value-added production and a logistics center, which will upgrade the port's level to the third generation and significantly reduce transportation and storage costs.

Located in Iran’s southern province of Hormozgan, Shahid Rajaee is the country’s largest and best-equipped container port.

The third phase of the port’s development plan is going to go operational by the end of the current Iranian calendar year (March 20, 2021)

Saturday Dec 26, 2020
13:13
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