Near $34m worth of guarantees issued for small industries in 9 months

December 24, 2018 - 20:59

TEHRAN- Iran’s Small Industries Investment Guarantee Fund announced that guarantees worth 1.426 trillion rials (about $33.9 million) have been issued for the small industries during the first nine months of the current Iranian calendar year (March 21-December 21), IRNA reported on Monday.

Some 4,600 small and medium-sized units are under construction in the industrial estates of the country, Sadeq Najafi, the previous managing director of Iran Small Industries and Industrial Parks Organization (ISIPO), announced in August.

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

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