ID :
131271
Sun, 07/04/2010 - 13:59
Auther :

Iran's industrial investment exceeds rials 700,000b - Minister

Tehran, July 4, IRNA – The minister of industries and mines said Saturday that the investment in in the industrial and mining arenas during the Fourth Five-Year Economic Development Plan (2005-2010) exceeded 700,000 billion rials.

Ali-Akbar Mehrabian made the remarks in his address to the National Day of Industry and Mines in Iran in the presence of President Mahmoud Ahmadinejad, a number of parliamentarians and the industrialists.

Mehrabian said the figure of investment has been five times higher than that of the country’s Third Five-Year Economic Development Plan (2000-2005).

Despite recent world recession that caused 23 percent decrease in the global exports in 2009, Iran’s exports of mining and industrial products witnessed 15 percent growth in the recession period, Mehrabian noted./end

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