4,600 small, medium-sized units under construction in industrial parks

August 1, 2018

TEHRAN- Some 4,600 small and medium-sized units are under construction in industrial estates of the country, Iranian deputy industry minister announced.

Sadeq Najafi, who is also the managing director of Iran Small Industries and Industrial Parks Organization (ISIPO), put the physical progress of constructing these units at over 70 percent, IRNA reported.

The official further said that when these units start operation 74,000 new jobs will be created in the industrial estates.

Najafi has previously announced that through supportive measures taken by the government, some 201 industrial units that had stopped their activity resumed their operation during the first quarter of current Iranian calendar year (March 21-June 21).

He also said that there are 84,000 industrial and production units in the country at present.

Referring to the 350 trillion-rial (about $8.13 billion) facilities with 10-percent interest rate allocated to the small and medium-sized entrepreneurs (SMEs), the official said these facilities should be paid to the units that can continue their activity.

He also announced that 36 Iranian SMEs attracted above $2.3 billion of foreign investments during the previous Iranian calendar year 1396 (ended on March 20, 2018).

MA/MA

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