Decline in Industrial Investments

More than 2.21 quadrillion rials ($16.53 billion) worth of investments were made in industrial units, for which establishment permits were issued while more than 392 trillion rials ($2.92 billion) were invested in projects for which operating licenses were issued during the first nine months of the current Iranian year (March 21-Dec. 21).
The investment volumes show a respective decline of 7% and 11.5% compared with the similar period of last year, the latest report released by the Ministry of Industries, Mining and Trade shows.  
A total of 19,812 establishment permits were issued over the nine months under review, registering an 18% growth year-on-year. These projects are expected to create a total of 454,502 jobs, which is 14.6% more compared with last year's corresponding period. 
Meanwhile, 4,567 operating licenses were issued during the period under review, which shows a 4.7% growth YOY. These projects are expected to create 72,378 jobs, 6.8% fewer than those created in last year's corresponding period.