Economy, Business And Markets

Industrial Investment Stimulated

Industrial Investment StimulatedIndustrial Investment Stimulated

The ministry of industry, mine, and trade issued over 10,560 industrial establishment licenses during the first seven months of the current Iranian year (which started March 21), with investment forecasted to be 705.6 quadrillion rials which equals $21.75 billion based on street exchange rate, reported IRNA. The issued licenses are expected to create some 236,000 jobs in the country. The issuance of an Industrial establishment license is an indication of tendency for investment.