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Future investments into Iran’s Khuzestan Province to increase

Finance Materials 19 November 2020 12:56 (UTC +04:00)
Future investments into Iran’s Khuzestan Province to increase

BAKU, Azerbaijan, Nov. 19

By Elnur Baghishov – Trend:

The volume of investments made to the enterprises for establishment in the Khuzestan Province (southwestern Iran) increased by 34.9 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, 696 enterprises were licensed to be established in the Khuzestan Province over the first six months of the current Iranian year. While in the same period last Iranian year, 478 enterprises were licensed to be established. The number of issued licenses increased 45.6 percent compared to the same period last Iranian year.

“It is planned to invest about 177 trillion rials (about $4.21 billion) to the enterprises licensed to be established within 6 months,” the statistics said.

However, 131 trillion rials (about $3.12 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 12,300 people are envisaged to be employed at the enterprises licensed for six months. The employment increased by 27.3 percent compared to the same period last Iranian year. Thus, it was planned to be employed about 9,700 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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