Tehran Province Accounts for 20% of Industrial Production Units

EghtesadOnline: Tehran Province has a 20% share from Iran’s total industrial production units, Yadollah Sadeqi, the head of Tehran Industries, Mining and Trade Organization, said.

News ID: ۷۸۴۴۳۳

30 December 2018

Tehran also accounts for 17.6% and 6.8% of Iran’s industrial output and gross domestic product respectively.

The Iranian economic daily Donya-e-Eqtesad reported that currently 17,304 licensed industrial production units are active in Tehran, which employ more than 500,000 people.

Among the licensed industries of the metropolis, 1,866 are in the establishment phase, 136 of which have made 60-80% physical progress and are being established with an estimated investment of 6.2 trillion rials ($55.35 million). These units are expected to create a total of 6,321 jobs, Financial Tribune reported.

This is while 143 units have made 80-100% physical progress are are being established with an estimated investment of 5.8 trillion rials ($51.78 million) to create jobs for 6,027 people.

According to Sadeqi, 18 industrial towns have been established in Tehran Province.

Policymakers believe Tehran’s industrial units are in dire need of financial assistance and their production may decrease if they are not adequately funded.

The concentration of industrial units in Tehran has exacerbating air pollution there.

Home to more than 12 million people, the capital Tehran is one of the most polluted Iranian cities whose problem mainly stems from the 3-5 million cars that ply its streets and contribute an alarming 70-80% of pollution to the city’s environmental woes.