Inauguration of 53 projects and signing of 4 investment memorandums in East Azerbaijan

Tabriz- At the same time as the government's provincial visit to East Azerbaijan, 53 projects will be inaugurated and four investment memorandums worth more than 41,200 billion tomans will be signed with the expectation of job creation for 2,675 people.

According to Mehr reporter, at the same time as the government's 22nd provincial visit to East Azerbaijan, a series of construction, infrastructure and economic projects in the sectors of housing, water and sewage, electricity, education, industry and energy will be put into operation, and four memorandums of understanding will be signed for the implementation of large production and industrial projects in the province.

According to the announced program, 53 projects will be opened with a credit amounting to 44,657 billion Tomans, 42 million dollars and 9.3 million euros. Also, four investment memorandums with a total value of more than 41,200 billion tomans and the creation of employment for 2,675 people will be signed.

Inauguration of construction and infrastructure projects

Of the total plans ready for opening, a significant part is dedicated to construction and infrastructure projects. These projects include provision and operation of 11,248 residential units in cities and villages, two water and sewage projects, 10 electricity infrastructure projects and 28 educational and school building projects.

Also, the Martyrs' Overpass Bridge of Qaradagh, Tabriz is one of the other projects expected to be opened during this trip.

According to the announced statistics, 29 thousand 856 billion Tomans have been allocated for the construction and infrastructure sector. However, the sum of partial credits declared for this section does not match the total figure announced and requires final review and reconciliation.

Economic plans in the industry and energy sector

In the economic sector, 9 projects with a total announced investment of 14,801 billion tomans, 42 million dollars and 9.3 million euros will be put into operation.

The construction of a 120 megawatt solar power plant by Yanar Sustainable Energy Supply Company in Aras Free Zone is one of the most important projects of this sector, for which 11 thousand billion Tomans have been invested.

Glucose and sweet starch production plant with an investment of 1,000 billion tomans and 42 million dollars, five industrial and energy projects of the Iran Tractor Company with a credit of 851 billion tomans and 9.3 million euros, as well as the revival of the Azerbaijan welding technology production unit with an investment of 1,200 billion tomans are among the other economic projects of this trip.

Signing four major investment agreements

Along with the opening of the projects, four memorandums of understanding are signed for the implementation of industrial and production projects in East Azerbaijan, the total investment value of which reaches more than 41,200 billion tomans.

Aras Grain Refinery: This project will be implemented in Aras Free Zone with an investment of five thousand billion tomans and employment is expected for 300 people. The annual production of 120 thousand tons of starch, glucose, gluten and other flour derivatives is one of the goals of this project.

Sahand Azarasia Steel Sheet Project: This project will be implemented in Bostanabad city with an investment of 30 thousand billion tomans. Its annual production capacity is one million tons of steel sheets and slabs, and two thousand people are expected to be employed for the implementation of the project.

Jahandane Sahand Animal and Poultry Feed Factory: This production unit will be built in Marand city with an investment of 1,200 billion tomans and will provide direct employment for 75 people.

Ilkin Pectin Production Factory: This project will be implemented in Bostanabad city with an investment of five thousand billion tomans. The annual production capacity of the factory includes 800 tons of pectin and 1,500 tons of dietary fiber, and employment is expected for 300 people.

The signing of these memorandums is done with the aim of developing production capacities, strengthening processing and food industries, expanding steel industries and creating new job opportunities in East Azerbaijan.

Focus on infrastructure development and production

The planned plans for the 22nd provincial visit of the government to East Azerbaijan include various fields from public infrastructure and services to large industries and renewable energy. Inauguration of construction and economic projects along with signing of new memorandums is the main focus of the announced plans for this trip.

According to the announced figures, the total investment of the four memorandums reaches 41,200 billion tomans, and their implementation will be accompanied by employment for 2,675 people.