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Fars Tops Iran Provinces Attracting Foreign Investments in 6 Months

Fars Tops Iran Provinces Attracting Foreign Investments in 6 MonthsFars Tops Iran Provinces Attracting Foreign Investments in 6 Months

Fars Province attracted over $466 million worth of foreign investment during the first half of the current Iranian year (started March 20), making it the highest earner among all Iranian provinces. 
According to managing director of Foreign Investment Attraction Office of Fars Province, Haleh Fouladfar, Khuzestan with $365 million and Yazd with $346 million ranked second and third respectively, IRNA reported.
She referred to the second phase of South Aluminum Plant (with a capacity of 300,000 tons of aluminum ingots per year) as a major provincial project in terms of investment attraction, both from domestic and foreign sources. 
South Aluminum Corporation (SALCO) located in the city of Lamerd, Fars Province, was inaugurated in April.
According to Reza Rahmani, former industries minister, the project will boost Iran’s aluminum production capacity to 785,000 tons per year, once all its development phases come on stream. 

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