MoUs worth $22.4b signed for development of Kish Island
Memorandums of understanding (MoUs) worth $22.4 billion were signed with domestic and foreign investors on development of Kish Island, said Rahim Sarhangi, the CEO of Kish Free Zone.
Speaking at the press conference on the sidelines of the International Exhibition of Financial Industries Exchange, Bank and Insurance (FINEX) Sarhangi announced that the FINEX event will be held on November 6-8, 2023, according to ISNA.
There will be foreign delegations from Turkey, Russia, China, the Switzerland and Azerbaijan at the event to showcase their achievements in various economic fields and introducing investment opportunities especially in free economic zones.
Since the beginning of economic development in Kish free zone, more than 742 investment packages worth over $9 billion and 110 investment packages worth $4 billion have been introduced. The investment packages are in various sectors of tourism, health tourism, financial industry, industrial estates in the fields of oil, gas and petrochemicals, related to the marine economy.