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Iran declares number of people to be employed in Fars Province

Finance Materials 21 November 2020 17:55 (UTC +04:00)
Iran declares number of people to be employed in Fars Province

BAKU, Azerbaijan, Nov. 21

By Elnur Baghishov – Trend:

About 17,800 people are envisaged to be employed at the licensed enterprises in the Fars Province (southern 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, the employment increased by 48.7 percent in 6 months compared to the same period last Iranian year. Thus, it was planned to employ about 12,000 people at the enterprises licensed in the same period last Iranian year.

As many as 1,200 enterprises were licensed to be established in the Fars Province over the first six months of the current Iranian year. While in the same period last Iranian year, 793 enterprises were licensed to be established.

"It is planned to invest about 97.9 trillion rials (about $2.33 billion) into the enterprises licensed to be established within 6 months," the statistics said. "Thus, 62.7 trillion rials (about $1.49 billion) worth of investments were planned for the licensed enterprises 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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