The MoU was signed by the Roads and Urban Development Minister, Mohammad Eslami, and the Secretary of Iran’s High Council of Free and Special Economic Zones Morteza Bank, reported ikac.ir.
This memorandum is aimed at realizing and implementing the policies and priorities of the government in order to achieve economic prosperity in the Imam Khomeini Airport City and create maximum synergy and coordination between the Ministry of Roads and Urban Development and the Secretariat of the Supreme Council of Free and Special Economic Zones.
Becoming the hub of freight transport and the second hub of passenger transport in the region are among the goals of the MoU.
In December 2019, Eslami appointed Mohammad Mahdi Karbalaei as the new managing director of the Imam Khomeini Airport City (IKAC).
The minister instructed Karbalaei to take measures for improving the airport city’s structure, executive management and operational processes to comply with international standards.
Eslami also said IKAC’s newly-established free trade zone is an opportunity for the country’s new technology-based companies to increase their exports.
“Located next to the capital, this free trade zone can become a powerful driving force for the country’s economic development,” he said.
**A version of this article appears on the IKAC Website on June 30, 2020, with the headline: Imam Khomeini Airport Free Zone Organization to be established. Available at: https://www.ikac.ir/corporate/en/News-and-Media/News/imam-khomeini-airport-free-zone-organization-to-be-established (Accessed: 3 July 2020).