Bookmark and Share

Iran: $30 Billion Dollar to be invested in industry


Tehran, Nov 15, IRNA - Minister if Industries and Mines Ali Akbar Mehrabian said on Saturday that over 300 trillion rials will be invested in industry sector by March 2009 (1 Dollar is about 10,000 rials).

Speaking to IRNA, he further added that the government will implement 1,153 industrial projects at a total cost of 130.2 trillion rials by the end of the current Iranian year (began March 20).

Meanwhile, over 90 trillion rials and 70.2 trillion rials will be invested in the sector by the private and state-run companies respectively, he said.

Stating the figure is to hit a total of 300 trillion rials by March 2009, Mehrabian said that cement production capacity will increase from 54 million tons to 64 million tons once eight cement factories become operational.

He also noted that the steel production capacity will reach 17 million tons from the previous 10 million tons after the private and state projects come on stream.

Aluminum and copper production will hit 245,000 and 383,000 tons respectively by March 2009, he said.

© Copyright 2008 (All Rights Reserved)