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Qeshm Free Zone
  • Qeshm Free Zone
 

Qeshm is an island in the strait of Hormoz in the Persian Gulf, 1.071 km southeast of Tehran . Qeshm , 26 km from Bandar Abbas, is located in the province of Hormozgan.
In the 1st ten year plan, in note 19, the law provided for the creation of free trade zones and three locations were identified as such in the year 1991. They were Kish Island, Qeshm Island and Chabahar. In the Iranian year 1369, equivalent to 1991 in the Gregorian calendar, the Island was transformed into a "Trade and Industrial Free Area" with the goal of creating the largest Free Area between Europe and the Far East.
Qeshm Island is part of the Iranian government's Free Enterprise Zone, specifically targeting foreign investment. The area contains a number of the country's oil and gas fields and has been put forward for refinery construction before.