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Iran announces number of enterprises to be established in Razavi Khorasan Province

Finance Materials 19 November 2020 09:32 (UTC +04:00)
Iran announces number of enterprises to be established in Razavi Khorasan Province

BAKU, Azerbaijan, Nov. 19

By Elnur Baghishov – Trend:

A total of 1,840 enterprises were licensed to be established in the Razavi Khorasan Province (northeastern Iran) 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, this is an increase of 74.5 percent compared to the same period last Iranian year. While in the same period last Iranian year, the figure stood at more than 1,000 enterprises.

“It is planned to invest about 166 trillion rials (about $3.96 billion) into the enterprises licensed to be established within 6 months,” the statistics said.

The volume of investments increased by about 4 times compared to the same period last Iranian year. Thus, 43 trillion rials (about $1.02 billion) worth of investments were planned for the licensed enterprises in the same period last Iranian year, the statistics added.

According to the statistics, about 46,300 people are envisaged to be employed at the enterprises licensed during six months. The employment increased by 68.7 percent compared to the same period last Iranian year. Thus, it was planned to employ about 27,400 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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