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Hyundai to invest in Iran’s Anzali Port

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)
South Korea’s Hyundai plans to invest in the development of Iran's northern port city of Anzali.

Iran’s media say South Korea’s Hyundai Development Company Group (HDC) has proposed to invest in infrastructure and superstructure projects in the country’s northern port city of Anzali.

The proposal was reportedly raised during a recent meeting between an HDC representative and Ali Naeimi, the director general of Gilan Province Ports and Maritime Organization.

In the meeting, Naeimi said the development of Anzali Port is necessary specifically given that it could be used for the transit of goods from Caspian states to Europe and elsewhere.

This, he emphasized, can be carried out by transporting goods from Anzali to Iran’s southern port of Bandar Abbas and thereon to Europe and beyond.

Hyundai currently has a share of 50 percent in a project to expand South Korea’s Pusan Port, which is known as the fourth largest container port in the world.  

The project is meant to provide the capacity to handle 13 million Twenty-Foot Equivalent Unit (TEU) of trans-shipment cargo by 2020 ranking it number two in the world.

Anzali is Iran’s most important northern port. It has 10 jetties with capacity 4 million tones of general goods and handles such commodities as steel, timber, automobiles.

Shipments departing from Azerbaijan, Russia and Turkmenistan get discharged at this port. 

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