Located in the southwestern city of Mahshahr, Khuzestan, PETZONE covers an area of 2600 hectares.
The zone is established in this region due to existing natural resources and geo–economic advantages.
Omid Shahidinia told NIPNA that 70 development projects in downstream industries have been defined in the region and are ready for investment by interested financiers.
He said technical and feasibility studies over the projects have been carried out and they are ready to be presented to potential investors.
"We are also considering to offer financial incentives to investors because we believe that would solve many issues with investments," the officials said.
He further said PETZONE has plans to introduce more projects with the cooperation of National Petrochemical Company (NPC).