$1b Invested in Industrial Projects

A total of 22.61 trillion rials ($1 billion) are estimated to have been invested in projects for which operating licenses were issued during the first three months of the current Iranian year (March 20-June 20), indicating a 102.1% upsurge year-on-year.
Latest data released by the Ministry of Industries, Mining and Trade show a total of 1,158 operating licenses were issued during the period to register a 15% YOY decline. 
These projects are expected to create 20,802 jobs, 7.9% less compared with last year’s corresponding period.