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Iran to create new jobs in Kurdistan Province

Finance Materials 22 November 2020 12:10 (UTC +04:00)
Iran to create new jobs in Kurdistan Province

BAKU, Azerbaijan, Nov. 22

By Elnur Baghishov – Trend:

About 6,020 people are envisaged to be employed at the licensed enterprises in the Kurdistan Province (western Iran) during the first six months of the current Iranian year (from March 20 through September 21, 2020), Trend reports citing Ministry of Industry, Mine and Trade of Iran.

According to the statistics, the employment increased by 29.3 percent in 6 months compared to the same period last Iranian year. So, it was planned to be employed about 4,660 people at the enterprises licensed in the same period last Iranian year.

As many as 522 enterprises were licensed to be established in the Kurdistan Province over the first six months of the current Iranian year. While in the same period last Iranian year, 344 enterprises were licensed to be established. The number of issued licenses increased 51.7 percent compared to the same period last Iranian year.

"It is planned to invest about 21.1 trillion rials (about $503 million) into the enterprises licensed to be established within 6 months," the statistics said.

The volume of investments decreased by about 55.9 percent compared to the same period last Iranian year. Thus, 47.8 trillion rials (about $1.14 billion) worth of investments were planned for the licensed enterprises in the same period last Iranian year,” the statistics said.

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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