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Amount of investments made to launch of enterprises in Iran increases

Finance Materials 21 October 2020 16:40 (UTC +04:00)
Amount of investments made to launch of enterprises in Iran increases

BAKU, Azerbaijan, Oct.21

By Elnur Baghishov – Trend:

The amount of investments made to the launch of industrial enterprises in Iran increased by 72 percent during the first six months of the current Iranian year (March 20-September 21, 2020) compared to the same period last Iranian year, Trend reports citing Ministry of Industry, Mine and Trade of Iran.

According to the report, about 380 trillion rials (about $9.04 billion) worth of investments were made to the launch of enterprises during the reporting period.

“About 51,600 people were employed with the launch of these enterprises,” the report added.

While in the same period last Iranian year, about 220 trillion rials (about $5.25 billion) worth of investments were made to the launch of enterprises.

According to the report, furthermore, the licenses were issued for the establishment of more than 18,700 enterprises over the 6 months. It is estimated that 2.24 quadrillion rials (about $53.5 billion) will be invested to these enterprises.

As many as 410,000 people will be employed after the launch of these enterprises.

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