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FinancialNews
05-02-19
Iran to inaugurate Bojnord Special Economic Zone Feb 11
(MENAFN) Iran has set next week to inaugurate its Bojnord Special Economic Zone which was established in North Khorasan Province.
In February 11th, the special economic zone will go into operation, announced managing director Siavassh Vahdat as reported Trend.
According to the managing director, "this zone has taken two years to complete with a cost of $19 million, while the province supplied $13 million of the figure from its budget and the rest was provided by the North Khorasan Industrial Estates Company."
The official affirmed that "until now around three hectares of land have been assigned to the zone, while nine contracts have been signed to install production units."
Vahdat also unveiled that "investors in the special economic zone will be exempt from taxes, while attracting foreign investment is a priority of the Bojnord Special Economic Zone."
MENAFN0502201900450000ID1098072814
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