Tehran, Iran, July 7
By Mehdi Sepahvand –- Trend:
Small industries are expected to create 130,000 jobs in Iran by March, according to CEO of Small Industries and Industrial Zones Organization Ali Yazdani.
Over the past year, 4,031 new contracts were signed in industrial zones, he said, adding that in the first two months of the current fiscal year (since March 21), the number of contracts signed in the zones increased by 47 percent, ILNA news agency reported July 7.
Since 2013, he added, the number of inactive units in industrial zones has decreased from 19 to 14 percent.
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.