Licenses issued for projects worth over $1.2B in Iran's Isfahan province
BAKU, Azerbaijan, Dec. 15
By Elnur Baghishov - Trend:
In the first eight months (from March 21 to Nov. 21, 2019) of the current Iranian year, licenses have been issued for more than 730 projects with total worth of 52 trillion rials (about $1.23 billion) in Iran's Isfahan province, an official with Isfahan Industry, Mine and Trade Organization Mohammad Zeynalipour said, Trend reports via IRNA.
Compared to the same period of the last Iranian year, the number of issued licenses for such projects grew by 41 percent, while their total worth increased by 20 percent, Zeynalipour said, adding that with the commissioning of these projects, 15,000 people will be employed and employment growth will be about 7 percent.
These projects mainly concern the primary metals, non-metals, textile, chemical and food industries, the official noted.
In the current Iranian year (from March 21, 2019 to March 21, 2020), the Isfahan Industry, Mine and Trade Organization is aiming to issue 995 licenses with total value of 75 trillion rials (roughly $1.78 billion), Zeynalipour said, adding that 42,000 people will be provided with jobs as a result.
The official predicts that these projects will be commissioned by the end of September 2019.
Iran's Isfahan province has a population of over five million people. The province has over 9,000 production facilities with 221 trillion rials of investments (roughly $5.26 billion) which employ 263,000 people. Moreover, about 840 mines with over 10 trillion rials of investments (roughly $238 million) operate in the province.