BAKU, Azerbaijan, Dec. 22
By Elnur Baghishov – Trend:
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and its affiliates will implement plans worth $16.3 billion over the next 5 years (from March 20, 2020 to March 21, 2025), Trend reports citing the IMIDRO’s website.
According to the report, it is estimated that Iran will implement certain plans in the area of steel, copper, aluminum, gold and other major mining industries and put into operation the facilities based on plans.
“A total of $3.08 billion will be invested in this regard in the current Iranian year (from March 20, 2020 to March 21, 2021). Of this amount, more than $2 billion will be invested by IMIDRO and its affiliates, and $1 billion by the private sector,” the report said.
In addition, it is planned to invest $6.65 billion in the next Iranian year (from March 21, 2021 to March 21, 2022), the report said.
According to the report, at the same time, about $1.48 billion is estimated to be invested over the period (from March 21, 2022 to March 21, 2023 and about $4.36 billion from March 21, 2023 to March 20, 2024.
“Furthermore, $751 million will be invested in this regard over the period (from March 20, 2024 to March 21, 2025),” the report said.
In total, more than 200,000 people will be employed over the next 5 years with the launch of the facilities in this area.