While emphasizing Iran’s position among the top 10 steel producing countries in the world, the CEO of MMDIC pointed to the start of operations of 48 major industrial projects in the country and enumerated the distribution of wealth, economic prosperity, deprivation wipe out, and employment increase as its consequences.
“Amir Hossein Naderi” today (Wednesday) stating that the “Pioneers of Progress of Iran” group of seven major companies in the country includes MMDIC, Chadormalou Mining and Industrial Company, Golgohar Mining and Industrial Company, Mobarakeh Steel Complex, National Copper Industries Company of Iran, and the company of Parsian Oil and Gas Development Group, said: Due to the limitations in investment development in the country, it was decided that each company should invest in its specialized field.
The CEO of MMDIC stated that the specialized field of this company is investing in the development of metals mines and mining industries, noting that the creation and improvement of infrastructures, development of factories, and increase of products including pellets and concentrates are among the plans which will be done within 2 years.
He further spoke about the investment of “MMDIC” in the western provinces of the country in the framework of Kurdistan Steel Industries Plan and while emphasizing on the attention of MMDIC to all steel and value chain links, said: Implementation and completion of the project of production of sponge iron and steel in the western region of the country is another plan of “MMDIC”.
Naderi stated that the imposition of sanctions has provided the country with many opportunities and added: “In recent years, this trend has caused the Iranian market to be controlled by Iranian producers and products, which is considered as a golden opportunity.”
He added: “For instance, in recent years, investments have been made in the steel value chain to produce products that can be consumed in the steel value chain and are needed by the country and delivered to the next ring for the production of sponge iron and steel.”
The CEO of the MMDIC emphasized: The implementation of these 48 large industrial projects of the government will increase employment and distribution of wealth, which will result in many benefits for the country.
He stated that domestic products can compete with foreign products, adding that Iran has gained a global ranking in the steel industry and is among the top 10 countries in the world in this field and has the ability to compete with other producing countries.
Naderi said: “Currently, we have exports to countries such as Iraq, Afghanistan and the countries around the Persian Gulf due to the proximity of borders, which we hope will continue and with the development of exports, we will see an increase in trade in this field.”
According to him, the development and activity of these companies in less developed areas of the country will lead to deprivation wipe out and is a major economic measure for the country.
According to IRNA, 48 major industrial projects in the country will be implemented in 13 provinces and 27 cities with the investment of the “Pioneers of Progress of Iran” group, and $ 11 billion in annual exports, production of 54 million tons of minerals, metals and petroleum products, equivalent to $ 20 billion annual incomes after operation and creation of 21,000 direct jobs and 64,000 indirect jobs are among the advantages and capacities of these huge projects after operation.
