Turkish investors eye up $6bn investment in Maku petrochemical plant

Maku

Maku

A group of Turkish investors is considering investing $6bn in a petrochemical plant in Iran’s north-western city of Maku, the MD of its FTZ Hussain Furouzan claimed this week. 
Situated in the West Azerbaijan Province which borders on Turkey, Iraq and the Nakhchivan Autonomous Republic, a petrochemical complex in the FTZ would benefit from easy access to the Turkish market and therefore low transportation costs, he said. 
Set up in 2011 with a view to creating a transport hub on the transit routes between Asia and Europe transit road and covering an area of 5,000 km², the Maku Free Trade and Industrial Zone is Iran’s largest.