KFTZO

AcronymDefinition
KFTZOKish Free Trade Zone Organization (Kish Island, Iran)
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The KFTZO is in charge of handling the infrastructure affairs, development and economic growth, creating job opportunities, attracting local and foreign investors, regulating the good and labor market and ultimately utilizing the Island's tourist potentials.
In their meeting with the Managing Director of KFTZO Ali Asghar Mounesan on Sunday, the UAE businesspeople, active in the field of commercial flights and providing services to private jets, indicated their readiness to invest in various economic activities in Iran's Kish Island and discussed conditions for cooperation with KFTZO and utilizing technical, engineering, and maintenance services of Kish airport for the construction of special hangars and launching private jet flights to the mainland.
The island is a safe and secure place with considerable investment potential, head of the 18-member Thai delegation said in a meeting with Kish Free Trade Zone Organization (KFTZO) Managing-Director Mohammad Ali Mohebi.She added that the delegation was impressed by the beauty of Kish.The Thai investors also called for the expansion of economic cooperation between the two countries.During the meeting, Mohebi pointed to the unique investment opportunities of the Persian Gulf island and said the KFTZO is open to foreign investment.The 91.5-square-kilometer island has a population of around 20,000 and about one million people visit it annually.The Thai delegation also visited a number of other Iranian cities and discussed bilateral economic issues with local officials.