Iran launches industrial projects, focuses on trade growth
(MENAFN) The Iranian Minister of Industry, Mining, and Trade announced the launch of 420 industrial projects as part of the Ten-Day Dawn celebrations, which commemorate the 45th anniversary of the Islamic Revolution. These projects are expected to create around 34,000 jobs, further contributing to Iran’s economic development. The announcement comes as part of the government’s ongoing efforts to enhance industrial production and improve the nation’s economic landscape.
A meeting was held by the council of the ministry’s deputies with the presence of Mohammad Reza Aref, the First Vice President, to discuss pressing issues in the industry, mining, and trade sectors. During this meeting, Seyed Mohammad Atabak, the Minister of Industry, Mining, and Trade, shared an update on the performance of the ministry's deputies and pointed out that the energy imbalance continues to be a significant challenge facing the production sector. Despite these challenges, the resilience of producers and industry professionals has helped minimize shortages in the market.
The minister also addressed the challenges in the steel industry, citing gas delivery restrictions and reduced quotas for certain units, which have affected production levels. Additionally, Atabak discussed the impact of energy imbalances on the mining sector, revealing a decline in the growth of mining industries, despite positive performance in copper cathodes and alumina. However, industries such as steel, cement, and coal concentrate have experienced a downturn.
The minister highlighted the 11-percent growth in trade compared to last year, with non-oil exports reaching a total value of $43.1 billion. This growth includes mining exports of $9.8 billion and petrochemical exports of $22 billion. Furthermore, the minister noted the government's focus on maritime development, with efforts underway to establish specialized industrial parks along coastal waters, reactivating 925 inactive units in the process.
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