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Iran's Qazvin Province sees increase in investments in industrial sector

Finance Materials 13 August 2021 14:25 (UTC +04:00)
Iran's Qazvin Province sees increase in investments in industrial sector

TEHRAN, Iran, Aug.13

Trend:

A total of 1.700 investors were attracted to invest in industrial cities of Qazvin's Province, said the managing director of Iran Small Industries and Industrial Parks Organization (ISIPO).

So far these investment cases have reached the operation and production stage in Qazvin's industrial cities, said Hamidreza Khanpour, Trend reports citing IRNA.

Despite sanctions, Qazvin industrial area has attracted a considerable amount of investment in recent years and it increased employment for more than 30,000 people.

"Unfortunately the consistent power cuts have caused heavy losses to production units in the province but these industrial cities are in top rank in the country in the production of basic material and equipment during the pandemic and in attracting investors in this sector," he noted.

"We have produced a five-year development plan to expand the industrial cities for 1,000 hectares and attract more investors," Khanpour added.

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