Iran’s Kerman Province Attracts 227 Million Dollars in Foreign Investment
Kerman province has attracted the attention of foreign investors and has allocated a significant volume of investment in the mining and industrial sectors, and this trend indicates the improvement of the business environment and the increase in the attractiveness of Kerman province for investment.
Also, paying attention to the innovation category and the role of knowledge-based companies in meeting the needs of large industries are other key development axes in Kerman province.
“The province has attracted $227 million in foreign investment over the past five months, ranking first and foremost in the country,” Mohammad Ali Talebi, the governor-general of Kerman, told ANA.
“With an investment of 28 trillion tomans, industrial projects were put into operation, including new mining factories and steel and copper plants,” he added.
Relevant reports said in 2024 that over $80 billion had been invested in plans and projects since the establishment of the South Pars Oil and Gas Company (POGC) in 1998 to develop the shared South Pars gas field which.
“The most important asset of the company is the massive accumulation of project management knowledge in it, and we hope to use it to overcome the challenges facing projects and adequately meet the country’s gas needs,” said Hamidreza Masoudi, the acting deputy for development projects at the company.
The South Pars gas field (known as the North Dome on the Qatari side) is one of the largest gas fields in the world. It is located 100 kilometers off the southern coast of Iran in the Persian Gulf and is shared between Iran and Qatar. The field covers an area of 9,700 square kilometers.
Estimates indicate that the shared South Pars gas field contains 14.2 trillion cubic meters of gas in place (equivalent to 8% of the world’s total gas reserves and 47% of Iran’s known gas reserves) and 19 billion barrels of condensates. The field also holds 7.5 billion barrels of crude oil in its oil layers and is endowed with the world’s largest helium source, giving it a unique position in the country’s economy.
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