Iran’s seven freezones are looking to attractEUR 5 bn worth of domestic and foreign investments, Iran’ssemi-official Tasnim News Agency quotes Secretariat of Supreme Council of Iran’s Freezones official Masoud Hosseinpour as saying. The EUR 5 bn is expected to be generated from 370 upcoming projects that are being studied in order to attract investors, Hosseinpour added.

What we know: The zones are now conducting feasibility studies for 50 projects within the zones for potential investments, Hosseinpour reportedly said, adding that they should be submitting proposals for the initial preparations for the projects. The projects are expected to open up 23k jobs, Hosseinpour also said.

Background: Iran’s zones include Kish, Qeshm, Chabahar, Arvand, Aras, Anzali, and Maku, which are all managed under Iran's Free Zone Organization, according to Iran’s free zone authority website.