Overseas investors see investment opportunities in Iran aluminium sector
Iran is slowly venturing into the aluminium industries as overseas investors are showing interest in investing in building aluminium plants in the country because of the low energy cost. According to a report, currently, six countries including Malaysia, Singapore, South Korea, Italy and Germany have shown readiness to invest in Iran’s downstream aluminium sector.
As quoted by Norallah Hassanzadeh, head of Khuzestan Industry, Mine and Trade Organization, Iran has a production capacity of 26 million tonnes of aluminium. He also expressed his intension of building an industrial township on 3000 hectares of land in east of Khuzestan. The township will accommodate petrochemical and aluminium plants for the development of the downstream sector.
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According to Deputy Governor General of Khuzestan for Economic affairs Ali Bahraini, Khuzestan ranks second in gross domestic product (GDP) and has advantages like existing economic infrastructures, access to high seas and common border with Iraq.
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