Official: Value Of Trade Transactions In PG Zone Hits $5b

Bandar Abbas, Dec 17, IRNA – The values of total investments in the Persian Gulf Special Economic Zone (PGSEZ) in the past years was $5 billion, an Iranian official said. 'As a result of investments, the Persian Gulf Special Economic Zone has turned into a hub in terms of production of steel, aluminum, and Zinc as well as loading and discharging the bulk mineral substances and oil products,' PGSEZ Managing-Director Masoud Hendiyan said in a meeting with the visiting Omani Governor General of Musandam province, Sayyid Khalifa bin al-Murdas al-Busaidy. He noted that a total 10,000 jobs have been created in the zone and according to the plan, the job opportunities will increase to 30,000 jobs soon. Iran and Oman have expanded cooperation in a variety of areas such as economy and defense since Iran's President Ahmadinejad took office in 2005./end