Baku, Azerbaijan, Oct. 18
By Fatih Karimov - Trend:
Iran Power and Water Equipment and Services Export Company, known as SUNIR, exported around $1 billion worth of electricity and services in the first half of the current Iranian fiscal year (March 21-September 22).
Bahman Salehi, managing director of the company, said the company exported $619 million of equipments and services. Taking electricity trade into account, the company's exports totalled $1 billion, Iran's IRNA news agency reported on October 18.
Although exports were declining for a couple of years because of recession, the governmental support over the past two years led to a rise in exports, he added.
In some cases, lack of support from domestic banks and economic organizations had been turned into a major concern for SUNIR, he noted.
The company's rank among the world's top 250 contracting companies has improved from 194 to 176, he added.
Earlier, Mojtaba Khosrotaj, the Iranian deputy industry, mining, and trade minister, said the country is projected to export $16 billion of technical and engineering services in the current Iranian calendar year, which began on March 21.
Traditionally, Iran heavily relies on oil revenues. With sanctions restricting oil exports, the government has worked to advance other sectors of the economy.