INSEAD Day 4 - 728x90

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Chabahar trade zone chief arrested in Iran

The prosecutor in the Sistan-Baluchistan province placed Abdorahim Kordi in custody. Credit: Creative Commons
  • The director general of Iran's Chabahar Free Zone has been arrested for "major offences"
  • Chabahar was the only Iranian port with exemptions when US reimposed unilateral sanction in 2018

The director general of Iran’s Chabahar Free Zone, an economic development project in the country’s southeast, has been arrested for “major offences”, state news agency IRNA reported Sunday.

It said the prosecutor in Sistan-Baluchistan province placed Abdorahim Kordi in custody, citing a statement from the intelligence branch of Iran’s Revolutionary Guards, the Islamic republic’s ideological army.

Details on the alleged infractions were not provided.

Kordi had been named to his post in 2016 under the former government of moderate president Hassan Rouhani, who was replaced last year by ultraconservative Ebrahim Raisi.

Located about 100 kilometres (62 miles) from Pakistan, the Chabahar free trade zone was established in 1994, allowing ships to avoid the busy Strait of Hormuz.

By 2015, about 2,000 companies had a presence there.

Half were from Pakistan, Afghanistan and the Gulf, while 30 percent were from China and other Asian countries. The remaining 20 percent were from the West.

When the United States reimposed unilateral sanctions on Iran in 2018, Chabahar port was the only Iranian port with exemptions.