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Volume of areas allocated to investors in industrial parks of Semnan Province expands

Business Materials 1 September 2020 12:24 (UTC +04:00)
Volume of areas allocated to investors in industrial parks of Semnan Province expands

BAKU, Azerbaijan, September 1

By Elnur Baghishov – Trend:

The volume of areas allocated to investors in the industrial parks of the Semnan Province (northern Iran) increased by 7 times during the first three months of the current Iranian year (March 20-June 20, 2020) compared to the same period of the last Iranian year, Chairman of Iran Small Industries and Industrial Parks Organization’s (ISIPO) branch in Semnan Province Hassan Alebouyeh told journalists, Trend reports citing the organization.

The chairman noted that 61 hectares of areas in the industrial parks of the province were handed over to investors within 3 months.

He added that 90 contracts have been signed with investors in the current Iranian year related to invest of the investment in industrial parks in Semnan Province. However, 22 contracts were signed in the same period last Iranian year.

Alebouyeh stressed that under the contracts signed in the current Iranian, it is forecasted that 5.93 trillion rials (about $141 million) will be invested.

According to the chairman, it is planned to employ 1,190 people with the implementation of these contracts.

The total areas of industrial parks in Iran's Semnan Province are 6,880 hectares. About 103 hectares of areas in the industrial parks of Iran's Semnan Province were handed over to investors in the last Iranian year (from March 21, 2019 to March 20, 2020).

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