13 industrial projects implemented using $1.8b of investment in a year

July 14, 2018

TEHRAN- According to Iranian Ministry of Industry, 13 industrial projects were implemented during the past Iranian calendar year 1396 (ended on March 20, 2018) using 81.3 trillion rials (about $1.89 billion) of investment.

The projects were in petrochemical, aluminum, steel, cement and tire industries, IRIB reported.

Some 46 percent of the created projects were in base metals (steel and aluminum), 23 percent were in non-metallic minerals (cement and plaster) and the rest were in petrochemicals, coke producing, tire manufacturing, and extraction of metal ores, the report said.

Among the implemented projects, five steel projects attracted 29.1 trillion rials (about $676.7 million) of investments, which accounts for 36 percent of the whole announced figure.

Theses 13 projects created 4,945 jobs in the said time.

As Iranian industry, mining and trade minister announced earlier in mid-April some 88 industrial projects are being implemented in Iran using foreign direct investments. According to Mohammad Shariatmadari, 49,916 projects related to his ministry are being implemented presently in Iran.

HJ/MA

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