IKAC Free Zone Organization to be established aimed at economic prosperity
Tehran (IP) - The Ministry of Roads and Urban Development signed a memorandum of understanding (MoU) with the High Council of Free and Special Economic Zones on establishing the Imam Khomeini Airport Free Zone Organization aimed at economic prosperity.
This memorandum is aimed at realizing and implementing the policies and priorities of the government in order to achieve economic prosperity in the Imam Khomeini Airport City and create maximum synergy and coordination between the Ministry of Roads and Urban Development and the Secretariat of the Supreme Council of Free and Special Economic Zones.
Becoming the hub of freight transport and the second hub of passenger transport in the region are among the goals of the MoU. In December 2019, Eslami appointed Mohammad Mahdi Karbalaei as the new managing director of the Imam Khomeini Airport City (IKAC).
The minister instructed Karbalaei to take measures for improving the airport city’s structure, executive management, and operational processes to comply with international standards.
Eslami also said that IKAC’s newly-established free trade zone is an opportunity for the country’s new technology-based companies to increase their exports. “Located next to the capital, this free trade zone can become a powerful driving force for the country’s economic development,” he said.
Imam Khomeini International Airport, with an area of nearly 14,000 hectares, is one of the biggest airports in the world.
All airports in the world and IKAC are in a difficult situation due to the outbreak of COVID-9 and revenues have considerably decreased.