BAKU, Azerbaijan, Nov. 17
By Elnur Baghishov – Trend:
The number of licenses issued for the establishment of enterprises in the Aras Free Trade - Industrial Zone in the East Azerbaijan Province (northwestern Iran) decreased by about 5 times 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 report, 8 enterprises were licensed to establish in the Aras Free Trade - Industrial Zone over the first six months of the current Iranian year. While in the same period last Iranian year, 37 enterprises were licensed to establish.
“It is planned to invest about 1.47 trillion rials (about $35 million) to the enterprises licensed to establish within 6 months,” the report said.
The volume of investments decreased by 23.5 percent compared to the same period last Iranian year. Thus, 1.92 trillion rials (about $45.7 million) worth of investments were planned to invest to the licensed enterprises in the same period last Iranian year, the report added.
According to the report, about 397 people are envisaged to be employed at the enterprises licensed during six months. The employment decreased 65.3 percent compared to the same period last Iranian year. Thus, it was planned to be employed about 1,140 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.