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IDRO & 7 Domestic Companies ink MoU for 10 million tonne Steel Project in PGSEZ

Steel News - Published on Thu, 11 Jul 2019

Image Source: Iran Watch
Tehran Times reported that Iran’s Industrial Development and Renovation Organization has signed a MoU with a consortium of seven domestic companies on production of 10 million tonnes of steel in Persian Gulf Mining and Metal Industries Special Economic Zone in the southern province of Hormozgan. IDRO Head Khodadad Gharibpour said “In addition to boosting the country’s annual steel output by 10 million tonnes, this project creates jobs for 10,000 people. He said the project is scheduled to be implementation during five years.”

He added that infrastructures such as ports, as well as existence of iron mines and being close to the international waters as some advantages of PGSEZ for implementation of steel projects.

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Posted By : Ratan Singh on Thu, 11 Jul 2019
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