The organization is trying to turn Hormozgan into the country’s center for the production of aluminum and steel products as well as the center for the transfer of oil and mineral goods, the Fars News Agency quoted Bahman Ayyar-Rezaii as saying.
He noted that the Persian Gulf Special Economic Zone has so far attracted $1.2 billion of investment.
“Moreover, the volume of non-crude exports from the zone touches $400 million per annum,” he continued.
He also said that the goods transfer capacity of the zone presently stands at six million tons per year and there are plans to double it in the future.
In other news, the Iranian Students News Agency (ISNA) reported on Saturday that construction of a steel factory with a production capacity of 1.5 million tons per year began in
The factory is expected to be completed within the next three years, project manager Alireza Khayyat said.
“The Hormozgan steel factory is meant to supply slabs required by the country’s roll production plants,” he added.
Khayyat explained that 48 percent of the funding necessary for the construction of the factory is being provided by European banks, with the rest being supplied through domestic bank loans and allocations by the Iranian Mines and Mining Industries Development and Renovation Organization (IMMIDRO).
After the domestic need of 500,000 tons per annum is met, the surplus slabs produced by the factory will be exported, he said.
FK/HG
END
MNA
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