On the occasion of Government Week (August 24-30), several development projects in different sectors including water, agriculture, infrastructure, and electricity are set to go operational across Iran.

Some 52 development projects worth 620 trillion rials (over $14.7 billion) were put into operation or commenced in Iran’s free trade and special economic zones on Monday, in the 74th series of inauguration ceremonies since the previous Iranian calendar year (ended on March 20).

President Hassan Rouhani on Thursday inaugurated numerous projects valued at 62 trillion rials (about $1.47 billion) in the free trade and special economic zones of five different provinces across the country in an online event.

TEHRAN (Iran News) – The CEO of the National Petrochemical Company, NPC Co., said that the company has launched an initiative to orchestrate petrochemical projects in the industry. In a meeting with the projects department of National Petrochemical Company on Sunday, Behzad Mohammadi said that since last year, NPC had sought to ensure the construction […]

TEHRAN (Iran News) – Iran’s Minister of Energy Reza Ardakanian is to travel to Moscow to operationalize Russia’s $5 billion loan for constructing two major projects in Iran. Announcing on Wednesday, Ardakanian the head of Iran-Russia joint economic cooperation commission is to travel to Moscow to operationalize Russia’s $5 billion loan which was agreed to be […]

TEHRAN (Iran News) – Head of Iran’s Planning and Budget Organization (PBO) said 430 trillion rials (about $10.2 billion) is going to be allocated for development projects in the next year’s budget plan, up 53 percent from the figure for the current year. “We intend to invest as much as we can in development sector […]

Iranian President Hassan Rouhani launched and inaugurated some development, service, and infrastructure projects worth 44.65 trillion rials (about $1.063 billion) in West Azarbaijan Province.

National Iranian Oil Refining and Distribution Company (NIORDC) will inaugurate 20 development projects worth €1.6 billion (35 trillion rials, which equals €744.6 million, plus €861 million) during the Ten-Day Dawn (February 1-10, marking the victory anniversary of the Islamic Revolution), IRNA reported on Friday. As announced by the Oil Ministry, the third phase of gas […]

TEHRAN- A member of development committee of the Iranian Parliament (Majlis) announced that $6 quadrillion rials (more than $142.6 billion) of budget is needed for completion of development projects in Iran, Tasnim news agency reported. Calling on the government to prepare proper ground for completion of all such projects, Alim Yarmohammadi underlined the significance of […]