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Iran declares amount of loans issued in Fars Province

Finance Materials 16 May 2021 16:18 (UTC +04:00)
Iran declares amount of loans issued in Fars Province

BAKU, Azerbaijan, May 16

By Elnur Baghishov – Trend:

A total of 9.18 trillion rials (about $219 million) worth of loans were issued in industrial, mining and trade sectors in the Fars Province (southern Iran) over the last Iranian year (from March 20, 2020 through March 20, 2021), Chairman of Industry, Mine and Trade Organization of Fars Province Hamidreza Izadi said, Trend reports citing the organization’s website.

The chairman emphasized that about 6.86 trillion rials (about $163 million) worth of loans were issued in order to increase employment in the last Iranian year.

Izadi added that also, 2.32 trillion rials (about $55.3 million) worth of loans were issued to increase production in Fars Province within the last Iranian year.

“Many obstacles were removed as result of the meetings organized to increase employment and production in the Fars Province,” he said.

As reported, there are 1,750 enterprises are currently being built in the Fars Province at a cost of 8.24 quadrillion rials (about $196 billion). In total, 45,000 people will be employed after the launch of these enterprises.

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