Iran To Inaugurate 370 Projects With $4 Billion

Some 370 industrial and mineral projects, valued at around 50 trillion rials (almost $4 billion) will be inaugurated in ran during June 21-30, which has been named the 10-day national production, the IRNA News Agency reported.

The projects will create nearly 23,000 jobs, the report added.

Industrial production in Iran has been on the rise during the past two months, so that crude steel, steel products and cement outputs have increased by 9 percent, 6 percent and 6.5 percent compared to the same period last year to reach 6.2 million tons, 3 million tons and 11.4 million tons, respectively.

Iran’s mineral and industrial exports are up on last years figures and are expected to top $30 billion by the end of this calendar year (March 20), according to the vice president for planning affairs.

Davood Manzoor told the IRNA News Agency that mineral and industrial exports from Iran were expanding and that global sanctions have not prevented the country from boosting exports.

Manzoor was referencing a recent report released by the Iranian Customs Administration that quantified the Islamic Republic’s trade during the first 10 months of this calendar year.