Economy, Business And Markets

Foreign Investment in Alborz: $360m Since 2013

Foreign Investment in Alborz: $360m Since 2013Foreign Investment in Alborz: $360m Since 2013

More than 13.5 trillion rials (around $360 million) worth of foreign direct investments have been made in Alborz Province since President Hassan Rouhani took office in August 2013, the head of Alborz Industries, Mining and Trade Organization said. “During the period, permits for 19 projects have been issued, four of which are currently under construction. These projects will create direct jobs for close to 3,000 people,” Iraj Movaffaq was also quoted as saying by IRNA. Alborz is situated 35 km west of Tehran at the foothills of the Alborz mountain range. It is Iran’s smallest province in terms of area.

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