Aras Free Zone ready to host Iran, Armenia joint investments

Aras Free Zone ready to host Iran, Armenia joint investments

Aras Free Zone ready to host Iran, Armenia joint investments

 

 
Located in the vicinity of Azerbaijan and Armenia, Aras free trade and industrial zone marks the second most developed free zone of the country after Kish Island.
 
Closeness to the borders with two countries as well as having multiple capacities for investment and industrial, economic and commercial activities has led the Armenian ambassador to Tehran Ardashes Tumanian to meet with Mohsen Khadem Arab-Baghi, CEO of Aras Free Zone Organization, in order to discuss common issues.
 
Addressing the joint meeting on Wednesday, Mohsen Khadem Arab-Baghi emphasized the need to conduct joint investments between the private sectors of Iran and Armenia saying “Aras Free Zone possesses the necessary capacities for hosting joint investments between the two countries.”
 
He appreciated the crucial role of ambassadors in boosting economic ties adding “joint investments and production on the basis of raw material available in the two sides will reinvigorate bilateral economic relations.”

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