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Qeshm Island, lying the length of the Strait of Hormoz, enjoys an exceptional location between the Persian Gulf and the Indian Ocean such that vessels bound for all the riverain states (Iran, Iraq, Kuwait, Saudi Arabia, Bahrain, Qatar, United Arab Emirates and Oman) pass within proximity of its southern shores and all east and west bound air-traffic to pass though its air space. The Island, by all definitions, is the gate-way to the Persian Gulf. Qeshm, thus, stands watch over the channel through which the bulk of the world's oil and gas has always and shall, for the next 100 years be transported. |
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The Iranian Government's policy with respect to Qeshm Island is to transform the Island into a trade and industrial free zone with the purpose of developing it into the largest free zone located between Europe and Japan.
In keeping with the general principles outlined in its Article of Association, the principal aims and purposes of the Qeshm Free Area may be summarized as follows:
Optimal utilization of the Island's strategic, economic, natural, geographic and energy advantages with the aim to promote economic development, accelerate capital and technology absorption and increase economic production.
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