Base metals top list of investment attraction in Iran

The Ministry of Industries, Mining and Trade has released a report, listing top Iranian industries in attracting investments.

2 April 2018
ID : 1550
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The Ministry of Industries, Mining and Trade has released a report, listing top Iranian industries in attracting investments.

The report, surveying statistics over the first 10 months of the current Iranian year (March 21, 2017-Jan. 20), also details the number of industrial permits issued during the period as well as the number of jobs created.

A total of 224 trillion rials ($4.64 billion) worth of investments were attracted to different industrial sectors during the 10 months.

Over the period, 4,637 operation permits were issued for industrial project and about 77,370 jobs were created.

According to the report, the sectors of 'base metals production', 'excavation of ferrous ores', 'production of chemicals', 'production of other non-ferrous ores' and 'foodstuff and drinkables' were the five most popular industrial areas to attract the highest amount of investments, the Persian economic daily Donya-e-Eqtesad reported.

The most popular category was 'base metal production', for which 162 operation permits were issued and 38 trillion rials ($787 million) worth of investments were attracted, generating 5,204 jobs.

The second category, 'excavation of ferrous ores', attracted 33 trillion rials ($684 million) worth of investments. During the period, 16 operation permits were issued in this field, which created 2,757 jobs.

Next comes 'production of chemicals', in which area 31 trillion rials ($642.62 million) of investments were made. The 528 permits issued in this category created jobs for 9,170 people.

Close to 23 trillion rials (nearly $476.8 million) worth of investments went into the 'production of other non-ferrous ores'. In this field, 429 operation permits were issued, but there were no data on the number of jobs created here.

The fifth most popular category was 'foodstuff and drinkables', in which 19 trillion rials (over $393.86 million) worth of investments were attracted. Some 680 operation permits were issued in this area, which generated 10,945 jobs.

The Statistical Center of Iran's latest report shows Iranian industries (comprised of crude oil, natural gas and other mineral extractions, industrial production, energy and construction) grew by 3.1% in the first three quarters of the current fiscal year (March 21, 2017-Dec. 21) compared with last year's corresponding period.

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