Emphasis on mineral development and eliminating investment challenges

Report Reporter Seal, Sayed Mohammad Reza Mawalizadeh on Wednesday evening in the Khuzestan governorate, emphasized: Khuzestan industrial production, especially steel, play a key role in the national economy. The province, with three foothills, plain and marine climates, has a bright mineral capacity that requires deep geological studies for optimal operation.

He pointed to banking facilities: “Given the size and complexity of projects in Khuzestan, it is necessary to increase the ceiling of banking facilities and adjust the loan conditions.”

He continued: Khuzestan is capable of creating specialized industrial settlements alongside public settlements to complete the value chain of the mineral industry.

He pointed to investment incentives and said: Tax and supportive incentives need to be designed and implemented in accordance with Khuzestan's special weather conditions (especially 6 months of extreme heat).

In response to these issues, Ismaili explained the following: To expedite the removal of barriers, deputies are sent to provinces, including Khuzestan, to pursue mineral and industrial issues.

He said the construction of mineral processing towns in Khuzestan is capable of implementing the province's non -metallic potential.

He said the agreements would be issued to set up geoparks in areas with geological attractions.

Ismaili pointed to the exemption from bank guarantees and said that tracking or reducing bank guarantees for Khuzestan mineral projects is on the agenda.

The Deputy Minister of Semitic announced the need to organize border markets and said that the province's border markets are being rebuilt to boost trade and connect to international corridors.

The two sides emphasized the need to prepare a joint roadmap to exploit mines, attract investment using targeted incentives, and remove administrative barriers.