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$1b Invested in Industrial Projects

Aug 13, 2020, 10:58 AM
News ID: 33176
$1b Invested in Industrial Projects

EghtesadOnline: A total of 22.61 trillion rials ($1 billion) are estimated to have been invested in projects for which operating licenses were issued during the first three months of the current Iranian year (March 20-June 20), indicating a 102.1% upsurge year-on-year.

Latest data released by the Ministry of Industries, Mining and Trade show a total of 1,158 operating licenses were issued during the period to register a 15% YOY decline. 

These projects are expected to create 20,802 jobs, 7.9% less compared with last year’s corresponding period.