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Development Plan in PETZONE Expected to Create 50,000 to 60,000 Direct Jobs

Development Plan in PETZONE Expected to Create 50,000 to 60,000 Direct Jobs
(Saturday, October 21, 2023) 17:15

TEHRAN (NIPNA) -- The CEO of the Petrochemical Special Economic Zone Organization has announced that the development plan for the Progress and Hope of the Petrochemical Special Economic Zone could create between 50,000 to 60,000 direct jobs during its construction in Bandar Mahshahr County, as well as in downstream industries and industrial towns in Khuzestan Province.

According to information released by the Petrochemical Special Economic Zone Organization, a joint meeting was held on Saturday evening between Seyed Jafar Hosseini, the Head of Regional Planning and Development at the Organization of National Budget and Planning, Mehrdad Nikoo, the Director General of the Organization for Management and Planning of Khuzestan Province, and Payam Barzegar, the CEO of the Petrochemical Special Economic Zone Organization, to discuss the latest status of the Progress and Hope development plan of the Petrochemical Special Economic Zone.

Payam Barzegar, the CEO of the Petrochemical Special Economic Zone Organization, highlighted the capabilities of the special zone and its significant impact on the country's economy, emphasizing the necessity of the region's development due to the established infrastructure and unique advantages compared to other regions in the country.

He added that the Progress and Hope development plan covers more than 3,300 hectares, and they hope to take significant steps toward completing the petrochemical value chain and job creation with the acquisition of this land.

Furthermore, an allocation of 800 billion Iranian rials has been approved in this year's budget for the first phase of the development plan by the board of directors and the general assembly of this organization.

The CEO of the Petrochemical Special Economic Zone Organization continued by stating that the Progress and Hope development plan could generate 50,000 to 60,000 direct jobs during its construction phase in Bandar Mahshahr County, as well as in downstream industries and industrial towns in Khuzestan Province.

Barzegar also mentioned the construction of two innovation factories in the Petrochemical Special Economic Zone, aiming to maximize added value and increase employment while leveraging the potential of knowledge-based companies.

At the conclusion of the meeting, officials from the Organization of National Budget and Planning, along with representatives from petrochemical companies Maroun, Shahid Tondgoyan, and ongoing projects in this region, conducted a site visit to assess the development progress.

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