Investments in Iran’s industrial parks may create 130,000 jobs
Baku, Azerbaijan, May 23
By Farhad Daneshvar – Trend:
New investments in Iran’s industrial parks are expected to cause emergence of more than 130,000 jobs over the current fiscal year that started March 20.
The head of Iran Small Industries and Industrial Parks Organization (ISIPO), Ali Yazdani, said that the activity and presence of entrepreneurs in industrial parks has surged by 47 percent over the past two months, IRNA news agency reported.
The official said the country’s industrial parks have seen conclusion of about 150 new contracts over the past two months, compared to 50 in the same period last year.
According to the World Bank, the Iranian economy bounced back sharply in 2016 at an estimated 6.4 percent.
However, the unemployment rate returned to a three-year high of 12.7 percent (or 3.3 million unemployed) in the second quarter of 2016 despite the high growth rate in this period.