The Arvand Freezone is a 155 square kilometer industrial and security zone that surrounds Khorramshahr, Abadan, and Minoo Island along the Arvand waterway (known as Shatt al-Arab in Iraq) in Khuzestan Province, Iran.
The website of the Arvand Freezone Organisation lists some of its goals, including:
According to an agreement made between Arvand Free Trade Zone and the Oil Ministry, an oil refinery that is to be constructed in the vicinity of the zone will raise the momentum of economic growth of the province.[2]