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Upsurge in Industrial Investments

Upsurge in Industrial Investments Upsurge in Industrial Investments

A total of 1.76 quadrillion rials ($6.26 billion) worth of investments are expected in industrial units, for which establishment permits were issued during the first five months of the current Iranian year (March 20-Aug. 21), showing an increase of 31.5% compared with the similar period of last year.
A total of 14,806 establishment permits were issued over the period, registering a 40.3% growth year-on-year. 
These projects are expected to create a total of 322,371 jobs, which constitute a rise of 29.4% compared with the year before, the latest report released by the Ministry of Industries, Mining and Trade shows.
A total of 326.06 trillion rials ($1.16 billion) are estimated to have been invested in projects for which operating licenses were issued during the five-month period, indicating a 69.9% increase year-on-year.
A total of 2,373 operating licenses were issued during the period, which indicate a 5.5% decline YOY. These projects are expected to create 41,858 jobs, 3.7% more compared with last year’s corresponding period.

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