News ID: 281292
Published: 0409 GMT March 02, 2021

EIKO signs MoU to implement projects worth $120m in Qom Province

EIKO signs MoU to implement projects worth $120m in Qom Province

A memorandum of understanding (MoU) worth $120 million was signed between the Headquarters for the Execution of Imam Khomeini’s Order (EIKO) and the governorate of Qom Province on Tuesday.

During a one-day visit to Qom Province on Tuesday, Mohammad Mokhber, the EIKO head signed the MoU for the implementation of entrepreneurship projects, construction of housing and resumption of work in closed factories.

Speaking at the signing ceremony, Mokhber said that a sum of 4,000 projects will be implemented in three years under the MoU, which will create 23,000 jobs in the province.

To solve the problem of unemployment, creating jobs in deprived areas has been prioritized by EIKO, said the official.

He added that $104 million of this budget will be spent on small home projects, community-based and new technology-based projects, and the remaining $16 million will be spent on reviving closed plants.

In his visit to Qom Province, Mokhber also inaugurated the construction of the largest factory for the production of black fabrics used for chador (veils), with a total investment of $45.2 million.

With the launch of this complex, while creating 2,000 direct and indirect jobs, 18 million square meters of black fabric will be produced annually and the importation of this widely used product will be significantly reduced.

The beginning of the construction of 1,800 housing units in Qom’s Pardisan Zone and the launching of 800 community-based employment projects, with investments of $3.2 million, and the creation of 2,400 jobs were also scheduled during the one-day visit of the head of EIKO.

During his visit, Mokhber also inaugurated four production plants, namely, Tizsangan, Qom Alloy, Keramat Teflon and Shirin Afarinan Food Industries, which employ 2,000 people in their production lines.



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