IMIDRO inaugurates projects worth over $2 b in a year

March 30, 2019

TEHRAN- Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) put projects worth $2.17 billion into operation during the past Iranian calendar year (ended on March 20), according to the head of the organization.

Khodadad Gharibpour said that 20 projects implemented by IMIDRO in the previous year created 4,440 direct jobs and 25,300 indirect jobs, IRNA reported.

The inaugurated projects were related to the chains of steel, copper and aluminum products as well as some infrastructure projects, the official mentioned.

The deputy industry and mining minister also said that the projects were implemented through cooperation of private sector.

As previously announced by the Public Relations Department of IMIDRO, the organization intends to renovate 5,000 economic units using 100 trillion rials (about $2.38 billion) of investment during the current Iranian calendar year which began on March 21.                   

As well as renovating economic units, reviving small mines and expansion of exploitation activities stand among the top priorities of IMIDRO in this year.

IMIDRO also plans to ease its domestic and foreign trade activities, facilitate international trade, improve competitiveness, and make exported goods variable in the current year.

MA/MA

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