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Number of licenses issued for setting up enterprises in Iran’s Bushehr Province escalates

Finance Materials 18 November 2020 13:25 (UTC +04:00)
Number of licenses issued for setting up enterprises in Iran’s Bushehr Province escalates

BAKU, Azerbaijan, Nov. 18

By Elnur Baghishov – Trend:

The number of licenses issued for the establishment of enterprises in the Bushehr Province (southern Iran) increased by 46.3 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 report, 120 enterprises were licensed to be established in the Bushehr Province over the first six months of the current Iranian year. While in the same period last Iranian year, the figure stood at 82 enterprises.

“It is planned to invest about 9.42 trillion rials (about $224 million) into the enterprises licensed to be established within 6 months,” the report said.

The volume of investments increased by 64.6 percent compared to the same period last Iranian year. Thus, 5.72 trillion rials (about $136 million) worth of investments were planned for the licensed enterprises in the same period last Iranian year, the report added.

According to the report, about 3,560 people are envisaged to be employed at the enterprises licensed during six months. The employment increased by 130 percent compared to the same period last Iranian year. Thus, it was planned to employ about 1,550 people at the enterprises licensed in the same period last Iranian year.

A total of 12,800 enterprises were licensed to be established 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.

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