Iran: Industrial Investments Up Twofold in 3 Quarters

More than 2.16 quadrillion rials ($16.25 billion) worth of investments are expected to be made in Iranian industrial units for which permits were issued during the nine months to Dec. 21.

About 420.71 trillion rials ($3.16 billion) were invested in projects for which operating license were issued during the same period.

The volumes of abovementioned investments show a respective growth of 89.1% and 104.8% compared with the similar period of last year, according to the latest report released by the Ministry of Industries, Mining and Trade.