Iran discloses amount of foreign investments in South Khorasan province

Baku, Azerbaijan, Nov. 18

By Elnur Baghishov – Trend:

Since the 12th government has started its activity (August 3, 2017), the amount of foreign investments in Iran’s South Khorasan Province has increased by 78 percent, Director General of the Department for Economic Affairs and Finance of the South Khorasan Province, Isa Jafari Giv, said in an interview with IRNA.

The amount of foreign investments attracted since 2004 (Khorasan Province was divided into three provinces) has already exceeded $83 million. The foreign investments worth $46.8 million increased by 78 percent since the beginning of the current administration’s activity, Isa Jafari Giv said.

Jafari Giv added that the investments were allocated to the three solar power stations 1MW in Bashrouye, 10 MW solar power plant in Khosef, and the project of simple carbon steel and low alloy steel in Khosef.

He pointed out that in the first 6 months of the current Iranian year, foreign investments worth $27.8 million have been attracted in the province.

Since the beginning of this Iranian year, a 7 megawatt-solar power station in Sarbi county, a 1 megawatt-solar power plant in Bashrouye county, a steel mill in Khosef county and an aluminum plant in Tabas county have obtained foreign investment licenses from the Ministry of Economy.

The foreign investments worth $244.2 million will be allocated for these projects, he said.

Giv said that the foreign investments allocated for the province after it was divided into three parts has exceeded $979 million. This figure increased by 56 percent since the 12th government has started its activity. At the beginning of the 12th government’s activity, the amount of foreign investments allocated for the province was $627 million.

He added that the number of projects with foreign investment licenses in the province has reached 14 since the beginning of the 12th government’s activity. This shows a 133 percent increase.

Jafari Giv said that most of foreign investments have been allocated in alternative renewable energy and mining sectors. This year, investors from China, Pakistan, Bulgaria, Germany and South Africa have invested in this province.

He added that since the beginning of this Iranian year, two projects with foreign investments were implemented.

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