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Famagusta Gazette

News From Cyprus

Transit hub for Asia-Europe trade developed by Iran

ByFamagusta Gazette

Dec 17, 2024

 Iran is working to attract a share of the Asia-Europe goods transit by developing a free zone in its northwest, not least by completing a key rail route.

Iran aims to handle some 150 billion U.S. dollars worth of goods transported from China to Europe via the Maku Free Zone annually, he said.

An investment of 500 million dollars in the rail route would enable the transport of 15-20 million tons of goods annually by train.

Famagusta Gazette