Industrial Investments Rise 50%

A total of 3.65 quadrillion rials ($17 billion) worth of investments were made in industrial units with establishment permits during the nine months of the current Iranian year (March 20-Dec. 20, 2020), showing an increase of 50% compared with the similar period of last year.
A total of 27,953 establishment permits were issued over the period, registering a 40.3% growth year-on-year. 
These projects are expected to create 627,548 jobs, which is 37.8% more compared with the year before, the latest report released by the Ministry of Industries, Mining and Trade shows.
About 1.48 quadrillion rials ($6.89 billion) are estimated to have been invested in projects for which operating licenses were issued during the nine-month period under review, indicating a 282.2% hike year-on-year.
A total of 5,083 operating licenses were issued during the period, which shows an 8.3% rise YOY. These projects are expected to create 97,012 jobs, 28.6% more compared with last year’s corresponding period.
A total of 462 mineral production permits were issued during the period, which have created 3,704 jobs, registering a 3.7% rise and 0.3% decline respectively compared with the similar period of last year.
Exploration costs stood at 844 billion rials ($3.25 million), registering a 9% increase YOY.