TEHRAN - The head of Tehran Industrial Estates Company (TIEC) has announced that Small and medium-sized enterprises (SMEs) located in the towns and industrial areas of Tehran Province managed to export products worth €162.4 million last year.

In an exclusive interview with IRNA's economic reporter, Saeid Sadeghi said Tehran Province played a crucial role in terms of exports thanks to small units located in towns and industrial areas.

According to the official, the exports from such units in the previous year were a bit higher and stood at about €164.6 million.

He also talked about an increase in foreign investment and said that industrial units of Tehran Province attracted €2.7 million of foreign investment which also resulted in the creation of a large number of jobs in 2023.

Export consortia based in Tehran's industrial estates and adjoining districts also exported worth €7.4 million last year, the head of TIEC continued.

The number of market development programs in the last year was 10 while there were two export consortia, Sadeghi said, adding that six feasibility studies on foreign investment attraction projects were carried out in the same period.

TIEC focuses on developing industrial towns in Tehran and it aims to provide infrastructure and services for industrial activities to promote economic growth and job creation in the region.

EF/