Iran’s annual investment in its industrial sector increased by 19.5 per cent in the year ending March 19, according to latest statistics revealed by the Central Bank of Iran (CBI).

The industrial sector attracted investments totalling $38.6 billion during the mentioned period, added the Iran Daily News report, citing IRNA.

The report further stated that 14,844 permits were issued for establishing industrial units during the same period indicating an 11.9 per cent decline year-on-year.

Investment in the industrial sector stood at $12 billion during the winter (December 21, 2015, to March 19, 2016) showing a growth of 179.4 per cent year-on-year, added the report.

By Trade Arabia