Economy, Domestic Economy

$330m Worth of FDI Projects Identified in Markazi Province

$330m Worth of FDI Projects Identified  in Markazi Province $330m Worth of FDI Projects Identified  in Markazi Province

Projects worth $330 million have been identified in Iran’s central Markazi Province for foreign investment in the current Iranian year (March 2017-18), the director general of Markazi Economic Affairs and Finance Organization said.

“So far, $270 million in foreign investment have been attracted in the province’s chemical, metal and food industries, construction sector, manufacture of machinery, refractory insulators, stone cutting equipment and downstream steel industries,” Hassan Mirzakani was also quoted as saying by IRNA.

The official referred to Markazi as an “industrial hub with great capacities in manufacturing and agriculture”.

The province exported more than 326,400 tons of goods worth $229 million since the beginning of the current Iranian year (March 21), registering an 84% rise in volume and a 75% jump in value compared to last year’s corresponding period, according to the head of Markazi Customs Bureau, Mehdi Mirashrafi.

Petrochemicals, metal, insulating roof coatings, fiber, flowers and plants, crystals, potato chips and water heaters were the main exports. These commodities were shipped to 53 countries, including Afghanistan, Turkey, Pakistan, Tajikistan, Italy, Turkmenistan, Somalia, Russia, Armenia, Kazakhstan, Bulgaria, the Netherlands, Germany, Azerbaijan, Bosnia, Brazil and France.

The province imported close to 38,000 tons of goods worth $90 million during the same period, indicating a 10% increase in volume and a 41% rise in value year-on-year, according to the official.

Imports included machinery, fruit juice packages, cotton and wood. They were shipped from 41 countries, including Uzbekistan, Serbia, Germany, China, South Korea, Turkey, the Netherlands, the UAE, Italy, France, Armenia, Austria, Azerbaijan, Bulgaria, Switzerland, the Czech Republic, Denmark and Spain.

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