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Investments’ value into production facilities in Iran’s Qom province revealed

Business Materials 16 January 2020 17:45 (UTC +04:00)
Investments’ value into production facilities in Iran’s Qom province revealed

BAKU, Azerbaijan, Jan. 16

By Elnur Baghishov - Trend:

Investments worth 48.8 trillion rials (about $1.1 billion) have been made in industrial and mining facilities in Iran’s Qom province, said Mahmoud Sijani, chairman of the Qom Province Industry, Mine and Trade Organization, Trend reports via IRNA.

Sijani noted that 2,225 industrial and mining facilities have been established as a result of these investments.

As a result, 56,153 people were employed, said the chairman.

These facilities are mainly focused on the production of tires, rubber, petrochemicals, pellets, furniture, LED lamps, motorcycles, household items, car spare parts, packages, cement and heat-resistant bricks, Sijani added.

“More than 60 percent progress has been reached regarding 304 industrial and mining projects under construction in the Qom province,” the chairman noted. “With the commissioning of these projects, 7,498 people will be employed.”

Sijani said that 13.2 trillion rials (about $316 million) have been invested in the construction of these facilities so far, adding that 14.5 trillion rials (about $345 million) will be needed for their development.

During nine Iranian months (March 21-December 21, 2019), 201,000 tons of products worth $170 million were exported from the Qom province.

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