A textile factory is taking shape in an area of 700,000 square meters in Banab Zaker with an investment of Rls.1,000 billion ($112m), informed Zanjan Governor General's Office.
The factory, which is expected to generate around 5,000 direct jobs, will be established in joint venture between Iranian and foreign companies, informed Gholamhossein Dizajnejad.
50 percent of investment will be made by companies from Japan, Turkey and Switzerland.
The factory will export 70 percent of total production, informed Gholamhossein.
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