Economy, Business And Markets

Exports by Mostazafan Foundation Grow 45%

Exports by Mostazafan Foundation Grow 45%Exports by Mostazafan Foundation Grow 45%

Exports by the Islamic Revolution Mostazafan Foundation hit nearly $900 million (including revenues from tourism industry) in the last fiscal year (March 2017-18), registering a 45% rise compared to the year before, the head of the foundation said on Monday. 
Noting that companies affiliated to Mostazafan Foundation account for 13% of domestic cement production, Mohammad Saeedikia added that a motor oil factory is under construction by one of the foundation’s affiliated companies in Oman, Mehr News Agency reported. 
According to Saeedikia, Mostazafan Foundation has 11 holdings, 160 affiliated companies and 40,000 employees. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment