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Iran reveals investments for Markazi Province

Finance Materials 23 November 2020 17:23 (UTC +04:00)
Iran reveals investments for Markazi Province

BAKU, Azerbaijan, Nov. 23

By Elnur Baghishov – Trend:

The number of investments to be made for the establishment of enterprises in the Markazi Province decreased by 8.6 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, 409 enterprises were licensed to be established in the Markazi Province over the first six months of the current Iranian year. While in the same period last Iranian year, 366 enterprises were licensed to be set up. The number of issued licenses increased by 11.7 percent compared to the same period last Iranian year.

“The plan is to invest about 61.6 trillion rials (about $1.46 billion) into the enterprises licensed to be established within 6 months,” the statistics said.

However, 67.5 trillion rials (about $1.6 billion) worth of investments was planned to be invested into the licensed enterprises in the same period last Iranian year, the statistics said.

According to the statistics, about 8,400 people are envisaged to be employed at the enterprises licensed for six months. The employment decreased by 19.2 percent compared to the same period last Iranian year. Thus, it was planned to be employed about 10,400 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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