19,000 Industrial Projects Completed Under Rouhani

More than 19,000 industrial projects launched by previous governments have been completed with more than 710 trillion rials ($19 billion) of investment under President Hassan Rouhani’s administration, which created 302,000 direct jobs, according to the Ministry of Industries, Mining and Trade.

Financial Tribune – More than 19,000 industrial projects launched by previous governments have been completed with more than 710 trillion rials ($19 billion) of investment under President Hassan Rouhani’s administration, which created 302,000 direct jobs, according to the Ministry of Industries, Mining and Trade.

Major investments in the petrochemical sector include 18.8 trillion rials ($500 million) in Bandar Imam Petrochemical Company’s development project as well as 15.5 trillion rials ($410 million) in a second production site for Fajr Petrochemical Company.

Major projects in the steel sector included a base metal production center for Chadormalu Mining and Industrial Company at a cost of 8.9 trillion rials ($235 million) and development projects in Khorasan Steel Complex and South Kaveh Steel Company with investments of 7.2 trillion rials ($191 million) and 6.6 trillion rials ($174 million) respectively.

An aggregate of 26 trillion rials ($693 million) worth of investments were made in the launch of paper production factories across the country.

The latest data released by the Central Bank of Iran show ‘industry’ and ‘mining’ sectors grew 5.8% and 0.2% respectively during the nine months of the last Iranian year.

May 8, 2017
Financial Tribune |