DP WORLD AND OTHER SHIPPING

LEADERS CONSIDER IRAN INVESTMENT

The IRNA news agency has reported that DP World is
considering an investment of up to $1 billion in Iran.
A delegation from (Dubai-based) DP World, including its chairman, executives and
British partners, is currently visiting Iran in an effort to assess investment
opportunities and trade capacities.

The Emirati delegation will be examining the capacities of the three free
trade zones for an investment of $500 million to $1 billion.- Deputy
Head of The Chabahar Free Trade Zone.
Follow its emergence from U.S. and European sanctions, global shipping
lines have increased their calls on Iranian ports in the Persian Gulf,
particularly at Shahid Rajaee; which is the countrys largest container
port. That said, DP World is not the only group interested in Iran's
shipping industry. In fact, Several foreign delegations, including Kazakhs,
have visited Shahid Rajaee and other Iranian ports for investment.
In May of 2015, India signed a memorandum of understanding for the
development of the Chabahar Port, which will fund the operation of
container and multi-purpose cargo facilities and increase trade with the
ex-Soviet Commonwealth of Independent Countries. As with Shahid
Rajaee, many foreign representatives are planning investment in
Chabahar, which is regarded as a potential transit hub in the Sea of
Oman.

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