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Home Economy Economy News SMEs account for 10% of exports in Iran

SMEs account for 10% of exports in Iran

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SMEs account for 10% of exports in Iran

TEHRAN- Iran’s small and medium-sized enterprises (SMEs) account for just 10 percent of the country’s exports, according to the managing director of Small Industries Investment Making Fund.

Mohammad-Hossein Moqiseh said it is while export by the SMEs is 60 percent in Japan, 70 percent in Taiwan, and 90 percent in Singapore, the portal of Trade Promotion Organization (TPO)of Iran reported.

Although, Sadeq Najafi, the managing director of Iran Small Industries and Industrial Parks Organization (ISIPO), has announced that the value of exports from Iran’s SMEs stood at $7 billion during the first half of current Iranian calendar year (March 21-Septemebr 22), saying that the figure is considerable given the total non-oil exports from the country during the first half, which was $19 billion.

Some 4,600 small and medium-sized units are under construction in industrial estates of the country, Najafi announced in August and put the physical progress of constructing these units at over 70 percent.

The official further said that when these units start operation, 74,000 new jobs will be created in the industrial estates.

He also has announced that 36 Iranian SMEs attracted above $2. 3 billion of foreign investments during the previous Iranian calendar year.

 

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