During the specialized panel discussing innovative
investment strategies in the oil industry at the Kish Inoex 2023 exhibition,
the CEO emphasized the nation's trajectory toward knowledge-based advancements,
with an increasing focus on innovation-oriented initiatives.
The CEO, continuing the dialogue, stressed the necessity to
leverage knowledge for greater value addition in the industry.
"In support of knowledge-based ventures, we have
devised special incentive packages such as the allocation of land with a
72-month installment plan. Additionally, two innovation factories are under
construction to minimize costs for knowledge-based and technology companies,
aiming to bridge the gap between these entities and major petrochemical
producers," the Chairman of the Special Petrochemical Economic Zone's
Board of Directors affirmed.
Discussing the strategic goals set to attract investors and
enhance the value chain of petrochemical products, he underscored the
significance of the Pharmaceutical City, which, holding 63% of the raw
materials necessary for producing effective pharmaceuticals within the economic
zone, presents a substantial opportunity for the country's pharmaceutical
manufacturers. Additionally, the Chemical City within the special zone is
specifically designed to produce chemical products required by petrochemical
Asserting the anticipated profitability of the Development
and Hope scheme within the Special Petrochemical Economic Zone, covering 3,300
hectares adjacent to the current economic zone, the Chairman elaborated on the
zone's advantageous positioning. Access to open waters and ports, railways,
airports, feed and product transmission lines, desalination facilities, and its
location within the North-South international corridor collectively present a
significant opportunity for investment across the upstream, midstream, and
especially downstream sectors of the petrochemical industry.