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Investment in Iran's Semnan Province grow

Business Materials 2 May 2021 09:09 (UTC +04:00)
Investment in Iran's Semnan Province grow

BAKU, Azerbaijan, May 2

By Elnur Baghishov – Trend:

The amount of investment made in the industrial sector of the Semnan Province (northern Iran) increased by 159 percent over the last Iranian year (from March 20, 2020 through March 20, 2021), compared to the preceding Iranian year (from March 21, 2019 through March 19, 2020), Chairman for Industry, Mine, and Trade Organization of Semnan Province, Ali Teshnedel said, Trend reports citing the organization.

The chairman emphasized that more than 19 trillion rials (about $452 million) was invested in the province's industrial sector.

Teshnedel added that as a result of these investments, 212 enterprises were licensed to be launched in the province during last Iranian year.

“With the launch of the enterprises, a total of 3,620 people were provided with jobs within last Iranian year. Thus, employment in the industrial sector of the province increased by 28 percent compared to the preceding Iranian year,” he said.

Moreover, about 2,120 enterprises were licensed to be setting up in the province last Iranian year. In total, 287 trillion rials (about $6.83 billion) is to be spent on these enterprises. And about 48,000 people are to be employed with the launch of enterprises, according to Teshnedel.

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