Iran: Industrial Investment Growing

More than 1.46 trillion rials ($13.12 billion) worth of investments are estimated to have been made in the industrial units, for which establishment permits were issued in the first seven months of the current Iranian year (March 21-Oct. 22), the latest report released by the Ministry of Industries, Mining and Trade shows.

This is while 360.9 trillion rials ($3.22 billion) were invested in projects, for which operating licenses were issued during the same period.

The volumes of investments show a 59.3% and 133.7% growth respectively compared with the same period of last year.