Iran to Construct 'Caspian' Port

TEHRAN (Tasnim) – Iran plans to construct a new port in the country’s northern province of Gilan on the rim of the Caspian Sea, an official announced.

Iran to Construct 'Caspian' Port

Managing Director of Iran’s Ports and Maritime Organization (PMO) Seyed Ataollah Sadr said negotiations with the country’s Anzali Free Trade Zone are underway for the construction of a new port, dubbed Caspian, in northern Iran.

Iran is speeding the construction of ports on its northern and southern coasts in order to increase the country’s foreign trade volume.

Iran’s Trade Development Organization announced earlier that the country’s foreign trade target is set to exceed $59bln in the current Iranian year (ending March 2014).

Of that amount, $41bln has been set for exports of goods, and $18bln for exports of services, Deputy Head of the organization Kiomars Kermanshahi said on July 1.

 Iran is trying to manage imports, support domestic products and increase non-oil exports, he said, noting that numerous programs are underway at the Ministry of Industry, Mines and Trade to boost the country’s non-oil exports.

Kermanshahi described Iran’s non-oil exports as “the key strategy” in the nation’s foreign trade policy, adding Iranian trade is on the right path thanks to efforts by industrialists and businessmen and despite illegal sanctions imposed against the country.

Most Visited in Economy
Top Economy stories
Top Stories