Page 48 - IRANRptMar20

Governor Akbar Behnamcu said, Trend reported on January 29.
The contract was signed by the Iran Small Industrial and Industrial Parks Organisation (ISIPO) and Ardabil province local authorities. The two sides will reportedly help finance the building of the park. The signing follows a formal agreement between Iran and Azerbaijan to create a joint industrial park in Ardabil's Parsabad county.
The matter was discussed by Iran's Minister of Industry, Mining and Trade Reza Rahmani and Azerbaijani Deputy Prime Minister Shahin Mustafayev during a visit to Iran.
Establishing the 95 hectare park is to open doors for both foreign and local investors, officials say.
Previously, secretary general of the Iran-Azerbaijan Joint Chamber of Commerce, Hussein Vosuqi Irani, told Trend that Iranian and Azerbaijani manufacturers would jointly produce products in the industrial park.
The average price for a square metre of a residential unit in Tehran stood at Iranian rial (IRR) 127mn ($3,016 at the official exchange rate, $1,123 at the free market rate) at the end of the Persian calendar month of Mehr (ended October 22), marking 0.4% m/m and 47.7% y/y increases, ILNA has reported citing Central Bank of Iran (CBI) data.
The CBI surveys the property market via its online residential sales system which logs sales on the national level. The severe devaluation of the rial together with soaring inflation in the past year and a half since the US reintroduced heavy sanctions against Tehran has wrought some havoc with Iran’s property market.
Also according to the official data, the total amount of residential unit transactions in the Iranian capital of 15.2mn people in Mehr reached 3,400, up 22.0% m/m and down 63.7% y/y.
District 1, consisting of uptown neighbourhoods, had an average price of IRR269.6mn per sqm, while District 2, also uptown, had an average price of IRR219.9mn per sqm.
At the other end of the scale is District 18. It appears to now be the cheapest area in Tehran with an average per sqm value of IRR55.2mn. District 19 was a little more expensive at IRR61.75mn.
The most sales in the cited calendar month were seen in moderately priced District 5, which accounted for 15.1% of all sales. It was followed by Districts 2 and 4 with 9.1% and 7.9% shares of sales, respectively.
9.1.11 ​Metallurgy & mining sector news
Consignments of Iranian iron ore shipped to the world’s biggest steel maker, China, have reportedly fallen over August and September because of export tariffs added by Tehran.
Iran exported 319,920 tonnes of iron ore to China in August, 37.8% down month on month and 23.4% lower year on year, according to Reuters calculations based on vessel-tracking and port data compiled by Refinitiv. In September so far, China has taken 129,534 tonnes of iron ore from Iran. Earlier this month Iran announced exports of all steelmaking raw materials would be hit with a 25% tariff as officials sought to ensure demand was met in the domestic steel industry, Iranian state-backed media outlet Press TV reported on September 9.
“Not many traders buy iron ore from Iran because of the US sanctions,” Zhao Yu, an analyst with Huatai Futures, told Reuters, adding that the freight charges were also high.
48​ IRAN Country Report​ March 2020 www.intellinews.com