Dec 27, 2017, 11:02 PM
News Code: 82777993
0 Persons
$580m foreign investment in Khorasan Razavi in 9 months

Mashhad, Dec 27, IRNA – Some 580 million dollars foreign investment was made in Khorasan Razavi province since the beginning of the Iranian calendar year (started March 22, 2017).

Head of the provincial Management and Planning Organization Reza Jamshidi told a session of Resistance Economy late on Wednesday that the amount of the investment has been made for the implementation of 25 projects.

The rate of foreign investment absorbed in the province from March 21, 2014 up to October 22, 2017 stood at $964 million, 1.5 times of the figure for the past ten years, he said.

Noting that some 145 projects in the province should be ceded to the private sector, Jamshidi pointed out that provincial Headquarters of Resistance Economy has ratified 191 projects, of which 50 is national.

Some 18 of the projects have so far been fully implemented, he said, noting that physical progress of 60 percent of the projects has been over 40 percent.

Referring to 30-percent rise in the province’s exports over the past seven months up to October 22 compared to the similar period last year, he said that economic participation was over 46 percent in the first half of the Iranian calendar year (started March 22).

Meeting of Khorasan Razavi Headquarters of Resistance Economy was attended by first vice president and minister of industry, mine and trade.

8072**2050

Follow us on Twitter @IrnaEnglish