BAKU, Azerbaijan, Nov. 17
By Elnur Baghishov – Trend:
The volume of investments to be made to the enterprises for establishment in the West Azerbaijan Province (northwestern Iran) increased by 392.7 percent during the first six months of the current Iranian year (from March 20 through 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 statistics, 800 enterprises were licensed to establish in West Azerbaijan Province over the first six months of the current Iranian year. While in the same period last Iranian year, 285 enterprises were licensed to establish. The number of issued licenses increased 180.7 percent compared to the same period last Iranian year.
“It is planned to invest about 48.8 trillion rials (about $1.16 billion) to the enterprises licensed to establish within 6 months,” the statistics said.
Thus, 9.9 trillion rials (about $236 million) worth of investments were planned to be invested in the licensed enterprises in the same period last Iranian year, the statistics said.
According to the report, about 14,300 people are envisaged to be employed at the enterprises licensed during six months. The employment increased by 194.6 percent compared to the same period last Iranian year. Thus, it was planned to employ about 4,860 people at the enterprises licensed in the same period last Iranian year.
A total of 12,800 enterprises were licensed to establish in Iran during the first six months of the current Iranian year (from March 20 through September 21, 2020) with an investment of 2.25 quadrillion rials (about $53.5 billion).
In general, 410,000 people are envisaged to be employed at the enterprises licensed within 6 months. The number of issued licenses increased by 46.9 percent compared to the same period last Iranian year. This resulted in an increase of 42.5 percent in terms of investments and 36.3 percent in terms of employment.