organization 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,
maintaining presence in the global markets for the purpose of promoting
non-oil exports, preparing the preliminaries for the manufacture of
industrial goods, establishing convertible industries and ultimately
utilizing the Islandís tourist potentials.
The organizational chart of the KFZO
includes, the General Assembly, Board of Directors, Managing Director,
Chairman of the Board of Directors and Legal Inspectors. The General
Assembly is in charge of drawing up the general objectives of the region
such as establishment or dissolution of affiliated companies and
institutions, drafting and amendment of Articles of Association,
maintaining supervision on the performance of the Organization, assignment
or dismissal of the members of the Board and Managing Director as well as
levying taxes and duties on individuals and institutions residing on the
Island. A three man Board of Directors administers the Kish Free Zone
Organization. The Board has been granted full legal authority for action
in the areas mentioned above.
The Board of Directors is also in charge of determining various
applications for the free zoneís properties, sale or transfer of national
resources in compliance with the executive laws and by-laws approved by
the General Assembly.
The Managing Director of KFZO chairs the Board of Directors. The president
assigns him for an extendable period of three years. The Managing Director
enjoys full authority to put into effect the ratifications of the Board of
Directors and represents the Organization before the third parties. He is
also responsible for the faithful performance of all the current affairs
of the Free Zone and protects the rights, interests and assets of KFZO.
Affiliates of KFZO
During the early years of its
operation, KFZO initiated to establish a number of companies and
institutes in an attempt to speed up materialization of the objectives
stipulated in the Kish Comprehensive Plan. These companies and
institutions are not intended to magnify the role of KFZO as a state-run
authority; rather, they serve as the Organizationís executive arms and are
assigned to perform specific tasks as the case may require.
The Companies and institutes affiliated to KFZO include:
Kish Airline Company
Kish Urban Development and
Kish Development & Management of
Port & Airport Company
Kish Institute of Science and
Kish Investment and Development
Kish Free Zone Sports and
Kish Water and Power Company
Kish International Airport
Kish Welfare & Fund Institute
Kish Information & Communication
Kish Free Zone
countries establish free zones primarily to create jobs, boost hard
currency earnings, attract foreign investment, and promote exports.
Indirect advantages attached to the establishment of free zones include;
higher technical skills, transfer of technology and access to
Such objectives will activate business and trade in the free zones
creating many job opportunities in the region. Transfer of technology into
the free zones will improve technical skills in the host country.
The following objectives are pursued by the KFZO:
- Utilizing Kish Islandís superb location
and potentials for the development of the whole region.
- Attracting local and foreign
investments for the purpose of earning local and foreign currencies and
laying the foundations for a dynamic economy in the region.
- Creating job opportunities and wiping
depravity off the region.
- Setting up a base for the promotion of
exports and re-exports.
- Transfer of modern technology into the
region and having access to occupational and technical skills.
- Maintaining presence in the world
markets through promotion of international trade in the region.