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Iran sees $4bn foreign investment in industries

TEHRAN, November 1, 2016

Iran is expecting foreign direct investment of around $4.1 billion in the 124 industrial projects which have been approved since the 11th government took office in August 2013, said a report.

The projects are in the fields of auto industry, metro, motor engine oil, agricultural equipment, energy, aluminium smelting and copper production, added the Iran Daily News report, citing Irna.

The projects once operational will create about a total of 17,520 jobs, Ali Yazdani, head of Iran Small Industries and Industrial Parks Organization (ISIPO), was quoted as saying in the report.

He added that 54 projects have been completed while the remaining 70 will be operational in the future.

Yazdani said that investors from Italy, Austria, France, Germany, the Netherlands, Ukraine, Ireland, South Korea, Japan, China, India, Malaysia, the UAE, Afghanistan, Iraq, Azerbaijan and Turkey had applied to ISIPO for the projects.

He added that 37 foreign investment projects worth over $119 million were launched in the year to March 19 creating 2,218 job opportunities, added the report.
 




Tags: | Iran | investment | government | industries | foreign |

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