Petrochemical Special Economic Zone
Petrochemical Special Economic Zone, with an area of about 2850 hectares, is located on the northern coast of Persian Gulf in the city of Mahshahr, Bandar Imam district, southwest of Iran.
Due to its natural and geographical location, as well as the legal facilities that it offers, this Zone has been created to further develop the industry and trade of petrochemicals. By attracting new technologies and generating employment opportunities, the Zone also provides economic and social benefits.
From the geographical point of view, the Zone has access to the international waters through Bandar Imam and KhorMosa Bay. It's also connected to Turkey and Central Asian countries via national railway grid.
This region, which is a part of Khuzestan province, plays a strategic role in Iran's oil and gas industry. Access to oil and gas resources further facilitates the supply of raw materials and feed to industrial units in the Zone.
Petrochemical Special Economic Zone Organization was established, as a subsidiary of the National Petrochemical Company, for the management and realization of industrial and economic development activities in the region, including development of petrochemical industries. Following a decree issued in 1997 by the Supreme Council of Free Trade-Industries Special Economic Zone, the organization began its work in 1998 and invited foreign and domestic investors to invest in this important petrochemical hub.
The goals behind the creation of the Zone:
- Supporting economic activities and expanding the country's trade relations internationally
- Encouraging foreign and local investors to participate in developing Iran's petrochemical industry
- Increasing petrochemical exports and manufactured products as well as boosting mobility in the industry, trade and regional economy
- Enhancing the economic growth and development of Khuzestan province and taking advantage of its potential capabilities
- Creating a suitable platform for boosting Iran's international petrochemical markets, production and processing of goods, increasing non-oil exports, re-exports, transit and transfer of goods (Transshipment)
- Attracting foreign and local investors
- Absorbing know-how and state-of-the-art technologies through scientific and industrial cooperation with international companies
- Supporting domestic industries, craftsmen and creating facilities for them
- Taking practical action to create productive job opportunities and reduce unemployment in the province