The International Stock Exchange opens in Kish

According to Tejarat News, the Secretary of the Supreme Council of Free and Special Economic Zones, stating that the International Stock Exchange in Kish will be opened soon after the issuance of a license by the Supreme Stock Exchange Council, said: This stock exchange will be launched to attract foreign capital and foreign currency financing.

Quoted from Irena“Hamidreza Momeni” on Monday, in the 74th program of the opening of projects entitled “Tadbir and Omid for a jump in production”, stating that one of the most effective programs is the creation of an international stock exchange in free and special economic zones, he stated: this issue is the most important platform. An economy will be created to attract foreign capital by connecting to the global economy in order to provide a safe path for the export of domestically produced goods through standard and controllable methods by providing the country’s financial and foreign exchange needs.

He added: This tool will play an irreplaceable role in providing financing and currency for projects and companies for the whole country.

The Secretary of the Supreme Council of Free and Special Economic Zones stated that financing is one of the main means of removing barriers and supporting production, and stated: In this regard, in recent months, with the formation of the Financing and Investment Council, the necessary measures for the financial resources of key projects Organizations of free zones were carried out.

He added: Accordingly, more than 2,500 billion tomans for Kish airport terminal, equipment and development of Kish Air, Mako logistics and tourism infrastructure, supply of equipment for the free zone of Imam airport city, supply and completion of Caspian port docks and Qeshm infrastructure projects with methods It is financed differently.

Momeni noted: More than three thousand billion tomans will be provided for infrastructure projects in Aras and Chabahar free zones with the finalization of the necessary processes in the same way.

He emphasized: Currently, 320 bank branches, 479 insurance branches, and 74 exchange offices provide services to activists in this field with a total of 873 units in financial and economic matters.

Stating that there has been extensive cooperation between free and special economic zones and various capital market institutions, Momeni clarified: the creation of a special capital supply company for free zones and the expansion of stock market activities to attract investment, especially from neighboring countries, including these connections is considered.

The Secretary of the Supreme Council of Free and Special Economic Zones, stating that the overseas bank is one of the most important financial structures in achieving investment and commercial activities and measures, emphasized: these conditions are confidence-building for foreign investors, in addition to creating the basis for capital inflow and International financial sources also play an important role in facilitating business processes.

He added: Many credible investors have registered requests to establish a bank in accordance with the laws and regulations, and if the central bank accelerates the process of issuing the necessary permits, we will see the impact of this tool on the development of regions and the country.

According to Momeni, the deposits of economic activists and the turnover resulting from their investment and commercial activities provide a high capacity for financing projects located in free zones.