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Atotal of 2,547 projects worth 116.17 trillion rials ($720 million) were implemented in Iran’s industrial parks and estates in the last fiscal year that ended on March 19, 2020, according to Deputy Minister of Industries, Mining and Trade Mohsen Salehinia.
The projects were related to a range of fields, including electricity supply, telephone lines, optical fiber, wastewater treatment and water.
"More than 40,000 new jobs were created as a result," Salehinia was quoted as saying by Mizan Online.
An Iranian economic official said on Friday that due to its strategic position and the projects currently underway, Chabahar port will become a hub of steel and petrochemical industry in the country.
Iran is going to launch a direct shipping line to South Africa and Latin American countries in near future, an official with the Iranian Chamber of Cooperatives (ICC) informed.
Iran has produced 193,962 tons of alumina powder during the first ten months of the current Iranian calendar year (March 20, 2020 – January 19, 2021).
Iranian Industry, Mining, and Trade Minister Alireza Razm Hosseini on Saturday inaugurated a mineral production unit worth eight trillion rials (over $190 million) as well as a solar power plant during a visit to Yazd province, central Iran.
While Iran is fighting the U.S. severe sanctions on its economy, and the country’s different industrial and economic sectors have been affected by the limitations and difficulties caused by the sanctions condition, the country’s mining sector is moving forward noticeably, overcoming such barriers.
The astonishing rise of cryptocurrencies, including red-hot Bitcoin, just handed one of the world’s leading gold miners one more reason to urge investors to buy the age-old haven that is bullion.