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Amount of licenses issued for setting up enterprises in Iran’s Bushehr Province grow

Finance Materials 28 October 2020 17:05 (UTC +04:00)
Amount of licenses issued for setting up enterprises in Iran’s Bushehr Province grow

BAKU, Azerbaijan, Oct.28

By Elnur Baghishov – Trend:

The licenses issued for the establishment of enterprises in the Bushehr Province (southern Iran) increased by 35 percent in terms of number and 116 percent in terms value during the first seven months of the current Iranian year (March 20-October 21, 2020) compared to the same period last Iranian year, said Hossein Hosseini, Chairman of Industry, Mine, and Trade Organization of Bushehr Province, Trend reports citing the organization.

Hosseini noted 127 enterprises have been licensed to establish during the reporting period and it is planned to invest 12.7 trillion rials (about $303 million) to these enterprises.

Hosseini added that at the same time, 29 enterprises were put into operation in Bushehr Province within 7 months.

The chairman emphasized 2.45 trillion rials (about $58.5 million) have been invested to the launch of the enterprises.

“With the launch of these enterprises, 1,800 people were employed,” he said.

According to the chairman, the licensed enterprises are located outside the special economic zones in Bushehr Province

There are about 590 manufacturing enterprises in Bushehr Province at present. Of these enterprises, 460 are currently operating.

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