Aras Free Zone ready to host joint Iranian-Armenian investments

Head of Aras Free Zone Organization has expressed readiness to host joint investments of Iranian and Armenian private sectors, Mehr News Agency reports. 

Aras free trade and industrial zone is Iran’s second most developed free zone after Kish Island.

Armenian Ambassador to Tehran Artashes Tumanian met with Mohsen Khadem Arab-Baghi, CEO of Aras Free Zone Organization, to discuss common issues.

Addressing the joint meeting on Wednesday, Mohsen Khadem Arab-Baghi emphasized the importance of 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 stressed 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.”

The official invited Armenian investors to visit Aras Free Zone asserting “the organization will deploy expert teams to introduce the advantages of the zone to Armenian businessmen.”

The Armenian Ambassador to Tehran Artashes Tumanian, for his part, pointed out the special capacities of Aras zone for investments.

“Important issues in attracting investors include familiarizing Armenian investors with the priorities and merits of Aras zone as well as construction offices for pursuing legal affairs of investment,” he continued.

The Armenian ambassador also visited the active industries as well as the greenhouse at Aras Free Zone.

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