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Industrial Investments Hit $4.3 Billion in Four Months

Industrial Investments Hit $4.3 Billion in Four MonthsIndustrial Investments Hit $4.3 Billion in Four Months

A total of 1.19 quadrillion rials ($4.39 billion) worth of investments are estimated to have been made in industrial units with establishment permits during the first four months of the current Iranian year (March 20-July 21). 
The volume shows an increase of 20.6% compared with the similar period of last year, the latest report released by the Ministry of Industries, Mining and Trade shows.
A total of 11,204 establishment permits were issued during the period, registering a 33.3% year-on-year growth. 
These projects are expected to have created around 242,021 jobs, 20% more compared with the year before.
A total of 264.84 trillion rials ($970.14 million) are estimated to have been invested in projects with operating licenses during the four-month period, which indicate a 104.6% year-on-year rise.
A total of 1,778 operating licenses were issued during the period, which shows a 9.9% YOY decline. 
These projects are expected to have created 30,525 jobs, 5% less compared with last year’s corresponding period.

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