TEHRAN, Iran, May 20. The Social Security
Investment Company (SHASTA) is investing 50 trillion rials (about
$11 billion) in production and industrial sectors to help the
development of poor regions, said the Managing Director of SHASTA,
Ebrahim Bazyan, Trend reports citing IRNA.
"The Social Security Investment Company is drafting an investment
plan for the next ten years. The plan will include investment in
livestock farming in the next five years to create jobs in deprived
areas and support food security," he said.
He pointed out that SHASTA will invest in industrial units
including the glassware bottle factory for medical products in
Germi County in Ardabil Province.
The Social Security Investment Company currently has 245 trillion
rials (about $58 billion) worth of assets in 25 provinces.