Investments of two hundred and ninety billion rials in Maku mines

Investments of two hundred and ninety billion rials in Maku mines
  • 2019-12-29
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Directorate of Production, Industries and Mines Facilities of Maku Free Zone Organization: During this year two hundred and ninety billion riyals have been invested in Maku Free Zone Mine.

Arash Yousefzadeh stated that during this period the volume of investment for about 200 people was created, adding: Twelve exploration licenses, six discovery certificates, six exploitation licenses and seventeen licenses. Maku Free Zone Organization has announced that it is expected to create 300 jobs by the end of the year.

He added that with the increase in licensing by the end of the year, the investment volume of 300 billion riyals in the Macao Free Zone is expected.

Yousefzadeh referred to investment capacities in the field of mining: investment in decorative and construction stone, creation of artificial stone production unit, creation of lime production unit, creation of modern and advanced stone production unit, creation of stone paper production unit, creation of production unit Handicrafts using the region's finest marble and marble are among the region's investment capacities.

Macao Free Zone Organization's Director of Production, Industries and Mines Facilitation added: Extraction and aggregation of silica, ferrosilica production, magnesium oxide extraction, magnesium ingot production, basalt fiber production, creation of precious stone processing units (especially agate) are potential investment opportunities. 

* ISNA