21.5% Rise in New Industrial Investments

21.5% Rise in New Industrial Investments

More than 3.12 quadrillion rials ($20.52 billion) worth of investments are expected to be made in the industrial units, for which establishment permits were issued during the first 10 months of the current Iranian year (March 21, 2019-Jan. 20), showing an increase of 21.5% compared with the similar period of last year.

A total of 22.745 establishment permits were issued over the 10 months, registering an 18.7% growth year-on-year.

These projects are expected to create a total of 518,237 jobs, which is 16.7% more compared with last year's corresponding period, the latest report released by the Ministry of Industries, Mining and Trade shows.

More than 445.43 trillion rials ($2.93 billion) are estimated to have been invested in projects for which operating licenses were issued during the period, indicating a 13.9% decline year-on-year.

A total of 5,212 operating licenses were issued during the period, which shows a 5.3% growth YOY. These projects are expected to create 81,244 jobs, 4.8% less compared with last year's corresponding period.