24 Nov 2024
Tuesday 10 December 2019 - 15:38
Story Code : 365265

Iran industrial investments on the decline

Financial Tribune - The highest volume of investments in projects with establishment permits and operating licenses were made in those related to the production of coke and oil derivatives ($2.36 billion)and food and beverages ($461.78 million)

More than 1.61 quadrillion rials ($12.19 billion) worth of investments have been made in industrial units wi establishment permits were issued while more than 227.54 trillion rials ($1.71 million) were invested in projects with operating licenses during the first seven months of the current Iranian year (March 21-Oct. 22).

The investment volumes show a respective decline of 16.1% and 37.2% compared with the similar period of last year, the latest report released by the Ministry of Industries, Mining and Trade shows.
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