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Investments in enterprises in Iran’s Tehran Province expands

Finance Materials 18 November 2020 15:15 (UTC +04:00)
Investments in enterprises in Iran’s Tehran Province expands

BAKU, Azerbaijan, Nov. 18

By Elnur Baghishov – Trend:

The volume of investments made to the enterprises for establishment in the Tehran Province (northern Iran) increased by 123 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, 1,210 enterprises were licensed to establish in the Tehran Province over the first six months of the current Iranian year. While in the same period last Iranian year, 474 enterprises were licensed to establish. The number of issued licenses increased 156 percent compared to the same period last Iranian year.

“It is planned to invest about 132 trillion rials (about $3.13 billion) to the enterprises licensed to establish within 6 months,” the statistics said.

However, 59 trillion rials (about $1.4 billion) worth of investments was planned to be invested in the licensed enterprises in the same period last Iranian year, the statistics added.

According to the report, about 44,300 people are envisaged to be employed at the enterprises licensed for six months. The employment increased by 137 percent compared to the same period last Iranian year. Thus, it was planned to be employed about 18,700 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.

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