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TEHRAN – President Hassan Rouhani on Sunday inaugurated the first phase of Shahid Beheshti Port, an extension to the strategic Chabahar Port on the Gulf of Oman, which more than triples its annual shipment capacity to 8.5 million tons.

The inauguration ceremony was attended by around 60 officials from 16 countries, including India, Pakistan, Afghanistan, Qatar, and Turkmenistan.

Addressing the ceremony, Iranian Transport and Urban Development Minister Abbas Akhoundi said that once transportation infrastructures are complete in Chabahar it will serve as the gateway to regional economies, IRNA reported.

Lying on the coast of the Gulf of Oman in Iran’s southeastern Sistan-Baluchestan Province, Chabahar is the country’s only oceanic port and given its strategic location in the International North-South Transport Corridor (INSTC) development of the port is of high significance for Iran.

In the inaugural ceremony, President Rouhani emphasized that the project would boost unity among regional countries.

Linking Central Asian states with other countries

In October, India sent its first shipment of wheat to Afghanistan by sea through Chabahar Port, marking opening of a new strategic transit route.

In a meeting between Iranian Foreign Minister Mohammad Javad Zarif and Indian Minister of External Affairs Sushma Swaraj in Tehran on Saturday ahead of the inauguration ceremony of Shahid Beheshti Port, Zarif said: “It also shows the importance of the port in the development of the region and the routes that connect Central Asian states to other countries in the world through the Sea of Oman and the Indian Ocean.”

The first phase of Shahid Beheshti Port development plan is in fact the first stage of developing Chabahar.

Costing $1 billion, this phase increased the port’s capacity to 8.5 million tons from 2.5 million tons and it is planned to reach 82-85 million tons by the end of its fifth phase of development, according to Behrouz Aghaei, the director general of Sistan-Baluchestan Ports and Maritime Department.

A railway route is also under construction from Chabahar to Zahedan (center city of Sistan-Baluchestan Province) to boost the capacity of the new strategic transit route. The railway project has a 25.7 percent progress so far and will be complete by the next 2-3 years, the official announced.

Source: tehrantimes.com

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There are currently very few countries in the world with Irans conditions and opportunities for investment. After decades of sanctions and separation from international markets, Iran is now ready to take advantage of these opportunities.

These days the top story of some of the worlds most important news media states, Now that a general agreement has been reached on the nuclear issue between Iran and the P5+1, international investors are lining up behind Irans closed doors, ready to enter this countrys market. Once Irans doors open to international financial activities millions, or maybe billions of dollars will flow into the country Economic players in Iran are waiting with open arms for international investors.How to invest in iran Blog is proud to present you with information about Iran and its investment opportunities, standing by your side as a consultant, and a strategic partner, creating the groundwork for a satisfactory experience in Iran.

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Global Investment was founded with a single vision, to help small to large enterprises with their strategic entry into the Iranian market by providing unmatched services for companies across all major industries. We can help you enter the hotspots of the market and will support and guide you toward a success story that remains rock-solid for the years to come.

We deliver exceptional insight and advice based on the highest standards of consulting practice using our 10 years of experience in the field. Our perfect blend of proprietary market entry solutions, strong local connections and expertise will assist you with maximizing your business potential in Iran. You can take advantage of our “real touch of the market” and break down entry barriers into the market. We make sure that you avoid making the wrong deals and provide you with Do’s and Don’ts of doing business in our country.

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