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Major enterprises of Iran’s Isfahan Province in need of circulating capital

Business Materials 17 July 2019 15:08 (UTC +04:00)

Baku, Azerbaijan, July 17

By Elnur Baghishov - Trend:

Iran’s Isfahan Province has 400 major enterprises in need of circulating capital, said Iraj Movaffagh, head of Isfahan’s provincial Organization of Industry, Mine and Trade, Trend reports referring to IRNA.

According to Movaffagh, the amount required is $400 million.

He added that Isfahan Province has about 9,560 industrial and manufacturing enterprises. In his words, there are 3,780 incomplete industrial projects in the province, with a 60-percent progress having been made in 1,520 projects and $750 million being needed to provide equipment for their implementation.

"Isfahan Province has an 11-percent share in the Iranian industry, a 10-percent share in investment, and an 8-percent share in employment," he said.

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