Dec 4, 2004, 8:05 PM

Industrial investment on the rise in Iran

TEHRAN, Dec. 4 (MNA) – In excess of 15,800 economic projects acquired operation licenses in the past seven months of the year.

A major consultant to the minister of industries and mines said here Saturday that some Rls.421 trillion was invested in the projects. “These are estimated to have created a total of 539 thousand jobs”, Yazdani added.

 

Therefore, he implied, industrial investment and job creation increased by 76% and 15%, respectively, in the said period. By the end of October, some 12,520 industrial units were reported as to be 20% complete while some other 4,847 projects were recorded with 60% of physical progress. “A total of 57,000 billion rials were spent on these projects.”

 

During the first half of the year, industrial exports exceeded Rls.2.7 billion, showing 31% increase in comparison with the same period last year. Yazdani pointed to privatization, developing human resources and attracting foreign investments as the key elements to achieve macroeconomic objectives.

 

ER/MA

END

MNA

 

 

       

News ID 9350

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