(MENAFN) Iran's investments worth USD1.3 billion have been made in the ports and maritime sectors since the beginning of the tenure of current government despite restrictions and problems facing the country, said the roads and urban development minister, Iran Daily reported.
He added that the government is duty bound to reduce the costs associated with commercial, economic and political deals with foreign countries.
An agreement worth USD700 million signed between the private sector and PMO.
He confirmed that the private sector's investments in ports should be increasing significantly, which will cause the sector to become the largest producer of value-added in the country.
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