Aras Free Zone Ready to Host Iran, Armenia Joint Investments

TEHRAN (MNA) – Head of Aras Free Zone Organization has expressed readiness to host joint investments of Iranian and Armenian private sectors. Located in the vicinity of Azerbaijan and Armenia, Aras free trade and industrial zone marks the second most developed free zone of Iran 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.”

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 Ardashes Tumanian, for his part, pointed out the especial capacities of Aras zone for investments; “the peace and security of the region has encouraged Armenian investors to take part in Iran particularly in Aras Free Zone.”

“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.

In response to a question about Aras river pollution due to Armenia’s industrial waste, Toomanian maintained “Aras remains as important to Armenia as it is important to Iran and we are undertaking all preventive measures to alleviate the problem.”

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