Iran, Kazakhstan Ink Deal to Develop Exclusive Port Terminal in Bandar Abbas

Iran and Kazakhstan have signed a memorandum of understanding (MoU) to jointly develop a dedicated port terminal and logistics center at the Shahid Rajaee Port backshore area in Bandar Abbas, southern Iran.

Under the agreement on joint utilization of Shahid Rajaee Port's capabilities, Iran's Ports and Maritime Organization will allocate land in the port's vicinity, while Kazakhstan is tasked with submitting a commercial proposal to Iran within 30 days, The Caspian Post reports, citing Iranian media.

During the the signing ceremony, Head of Ports and Maritime Organization Saeed Rasouli highlighted Iran's role as gateway for Kazakhstan's access to international waters and reaffirmed Iran's commitment to facilitating Kazakhstan’s investments to boost cross-border transit and trade logistics.

With 1,800 kilometers of coastline and access to high seas, the Islamic Republic of Iran enjoys significant potential to develop transit and logistics cooperation with neighboring countries, he noted.