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Iran declares number of enterprises to be established in Semnan Province

Finance Materials 21 November 2020 13:02 (UTC +04:00)
Iran declares number of enterprises to be established in Semnan Province

BAKU, Azerbaijan, Nov. 21

By Elnur Baghishov – Trend:

A total of 747 enterprises were licensed to be established in the Semnan Province 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 a decrease of 38.4 percent compared to the same period last Iranian year. Thus, 1,210 enterprises were licensed to be established in the same period last Iranian year.

“It is planned to invest about 67.3 trillion rials (about $1.6 billion) into the licensed enterprises within 6 months,” the statistics said.

The volume of investments increased by 22.5 percent compared to the same period last Iranian year. So, 55 trillion rials (about $1.3 billion) worth of investments were planned for the licensed enterprises in the same period last Iranian year, the statistics said.

According to the statistics, about 16,700 people are envisaged to be employed at the enterprises licensed for six months. The employment decreased by 47.2 percent compared to the same period last Iranian year. Thus, it was planned to employ about 31,700 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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