Major Greenfield, Brownfield Projects Attract Investments Worth $123m

Investments in major greenfield industrial projects stood at 21 trillion rials ($90 million), while major brownfield projects received a total of 7.8 trillion rials ($33 million) during the first two months of the current Iranian year (March 20-May 20).
The Ministry of Industries, Mining and Trade has defined major greenfield and brownfield industrial projects in its latest industrial investment report as ones in which more than 600 billion rials ($2.5 million) and 400 billion rials ($1.7 million) have been invested respectively.
The report lists six major greenfield projects for which operating licenses were issued during the two-month period, which are expected to create a total of 2,247 jobs.
The highest amount of investment at 9.67 trillion rials ($41 million), went to Lavan Oil Refining Company that produces coke and oil derivatives. The project is expected to generate 1,380 jobs.