Industrial parks attract $2.1b of foreign investment
Latest data released by Iran’s Industry, Mining, and Trade Ministry show that the country’s industrial parks managed to attract 231 investors with a total $2.1 billion of investment in the previous Iranian calendar year (ended on March 19).
This amount of investment led to the creation of 19,862 jobs in the industrial parks and zones, IRNA reported.
According to the Industry Ministry, over 1,100 exporting industrial units are operating in the country’s industrial parks and zones whose annual export reaches up to $12.64 billion.
Based on the report, 62 export management companies (EMC) with an annual export of $236 million were identified in these areas and 72 export consortia with a total annual export of $352 million were also formed in the mentioned period.
The ministry also reported that 23 memorandums of understanding (MOU) were signed with foreign partners to develop international cooperation between small and medium industries in the previous Iranian calendar year.
Supporting 41,631 industrial units to participate in domestic and international exhibitions, as well as holding eight training courses and sending 176 managers of industrial units to Germany to get acquainted with the German market, as well as finding new markets, establishing long-term relationships with German companies and the development of economic relations between the two countries in cooperation with the German Association for International Cooperation (GIZ) were also among the Industry Ministry’s achievements in the previous year.
In the current year, which has been called the year of “Surge in Production” by the Leader of the Islamic Revolution Seyed Ali Khamenei, the Industry Ministry has been putting special importance on the industrial parks and small and medium-sized enterprises (SMEs).
The ministry plans to bring 1500 idle units, mostly SMEs, back into operation by the end of the current Iranian calendar year (March 2021).
Based on the ministry’s plans for the current year, reviving 1,020 unproductive small mines is also on the ministry’s agenda.
source: TehranTimes
Top News
Six last month
MinRes halts Bald Hill mine amid lithium price rout
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Swapping aluminum for copper will maintain China’s resources, group says
Gold loses some luster after Trump’s decisive win
Hedge funds slash bullish wagers on gold over Trump election win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Families gather at South African mine shaft where hundreds are feared stuck underground
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
