TEHRAN, Iran, July 14
Trend:
Turkey and Italy have two investment contracts that are expected to be implemented at the industrial cities of Qazvin Province by the participation of domestic companies, said the Managing Director of Iran Small Industries and Industrial Parks Organization (ISIPO) in Qazvin Province.
The investment in industrial cities in Qazvin Province had multiplied in the past four years and attracting investment had grown, Hamidreza Khanpour told Trend in an interview.
Qazvin Province is the top province in the country for attracting investment in the current Iranian year (started March 21, 2021). The land has been assigned to investors in one industrial city in Qazvin Province to build production units
"Two investors from Turkey and Italy have invested in Iran Small Industries and Industrial Parks Organization (ISIPO) in Qazvin Province in current Iranian year and three other foreign investors invested in last Iranian year," he said indicating due to problems caused by sanctions he is not able to name the foreign investors and the details.
"The industrial cities in Qazvin Province are located close to two airports and the capital and is considered an attractive location for foreign investors due to proper infrastructures," Khanpour added.
There are currently 20 foreign investors in Qazvin industrial cities that have production units and are active in the field of sanitary commodities, detergents, home appliances, food products, chemicals, auto parts, new construction materials, and wood products.
The following production units have directly created jobs for more than 2,000 people. So far more than 500 million euros ($591 million) foreign investment was done at industrial cities in Qazvin Province.