During the Qajar period, and especially during the Nasseri era, Iran entered a new stage in terms of economy and trade. At this time, one of the areas that was taken into consideration was the Persian Gulf, its coasts, ports and islands such as the Hormuz Peninsula, which was considered by foreign and domestic traders due to its location and facilities. One of the traders who was involved in political, economic and social activities in this island and other areas of the Persian Gulf during that period was Moein al-Tojar Bushehri. With his high political, economic and social influence and authority, he was able to obtain, in addition to receiving privileges such as the Nasseri Company, the North Oil Company, the import of electric and spinning and weaving machinesHe also made a lot of profit with the investments he made in this field. The purpose of the present research is to investigate and explain the role of Moein al-Tojar in obtaining the Hormuz Red Soil concession and the role of those mines in the commercial economy of the Persian Gulf and Iran during the Qajar period. This article, using a descriptive-analytical method and using library and document resources, seeks to answer the question of what importance did Moein al-Tojar's receipt of the Hormuz Red Soil concession have in the economy and foreign trade of the Persian Gulf, especially during the Nasserite period? The research findings show that the acquisition of the Hormuz Red Soil concession was achieved through the political and economic influence of Moein al-Tojar's efforts against foreign competitors such as the British government, and led to an increase in commercial and industrial investment, the prosperity of foreign trade, and the expansion of security and the maintenance of national sovereignty over the ports and islands of the Persian Gul.