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24.03.25 20:00

Economy

Iran allocates US$3.7 billion to reinforce maritime economy and transit this year

Investment aims to enhance trade, digitalise infrastructure, and improve transport connectivity

Iran plans to invest 154 trillion rials, (approximately US$3.7 billion), in upgrading commercial ports this year. According to Mehr News Agency, a partner of TV BRICS, these funds aim to boost maritime trade and drive economic growth.

Deputy Minister of Transport Saeed Rasouli stated that the Iranian government seeks to enhance the maritime sector’s competitiveness by prioritising ocean transport development. Key initiatives include adjusting port tariffs, attracting domestic and foreign investment, and improving port efficiency.

Rasouli also mentioned that Iran will concentrate on establishing smart ports and integrating digital technologies as part of a broader effort to modernise the country’s maritime infrastructure. Additionally, he emphasised the importance of stronger cooperation between maritime, rail, and road transport networks to strengthen national trade and logistics connectivity.

Photo: Mehr News Agency

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