IRAN: Maku FTZ to launch petchem plant with foreign partnership: CEO

The Maku Free Trade Zone is in negotiations with firms from Germany and Turkey for investment in launching petrochemical units in northwestern Iran, managing director of the zone said.

"A delegation from Germany will visit the Maku FTZ in coming weeks and Turkish companies are also interested to invest in the Zone," Hossein Foruzan told Shana. "Petrochemical plans have investment priority in the zone," he added, "The infrastructure is inviting the investors too."

Foruzan cited rich water resources and feedstock supply as major advantages of the zone which justify investment in launching petrochemical industry.

Source: Shana News Agency, Tehran; 3 Nov 2015
(Syed Rashid Ali, Karachi, Pakistan)