Iran to construct high capacity aluminum factory in Arvand zone

Secretary of the Supreme Council of Free and Special Economic Zones Akbar Torkan announced that the council has approved the plan for the construction of an aluminum manufacturing plant in Arvand zone, in Southern Khuzestan province.

"The project for the construction of an aluminum producing factory with the capacity of 4,700 tons per year…is on our agenda," Torkan, also Iran's senior presidential advisor, told FNA on Sunday.

He underlined that the aluminum industry will help boost the Arvand zone's economy.

In March, Torkan said Iran has paved the way for attracting more investments to the country's free trade zones through two scenarios.

"There are two scenarios for attracting foreign investment to Iran's free zones; one is continuing our present moves despite the existing restrictions, and the second one is expediting the presence of foreign investors in Iran's projects if Tehran and the Group 5+1 (the US, Russia, China, France and Britain plus Germany) strike a final agreement," Torkan said.

He noted that many foreign investors have shown interest in investing in Iran's free zones.

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