TEHRAN – Industry, Mining, and Trade Minister Mohammad Atabak has appointed Farshad Moghimi as the new head of the Industrial Development and Renovation Organization of Iran (IDRO), IRNA reported.

Moghimi, who has previously served as the Head of Iran Small Industries and Industrial Parks Organization (ISIPO) and the head of Iran Khodro Company (IKCO), replaced Babak Ahmadi.

Ahmadi was the head of IDRO since early July 2023.

The Industrial Development & Renovation Organization of Iran known as IDRO Group was established in 1967 in Iran. IDRO Group is one of the largest companies in Iran. It is also one of the largest conglomerates in Asia. IDRO's objective is to develop Iran's industry sector and to accelerate the industrialization process of the country and to export Iranian products worldwide.

EF/MA