TEHRAN The 2nd exhibition of Iranian knowledge-based business running in technology and engineering sectors will be held from February 11 to 14 in Tashkent, Uzbekistan.Supported by the Organization for Development of International Cooperation in Science and Technology, the event will lay the ground for exporting technical-engineering services in the fields of electricity, energy and water, building and construction, constructing materials, oil, gas and petrochemical devices, mining as well as agriculture, and watering equipment.Notable growth in knowledge-based companiesThe substantial and fast-paced development in the number of knowledge-based business with over 200 percent boost in their number just over the past year (March 2023 March 2024), reveals the strong structure, dynamism, and development of the country in innovation and technology and the efficient atmosphere which have actually been provided in line with the objective of boosting domestic production with public participation.The current administration highlights the quantitative and qualitative advancement of knowledge-based companies.
The variety of companies, which was around 5,000 before the current administration took office in August 2021, has now reached 10,000 with an overall worth of two billion dollars.exports at $2.5 billionIt seems that knowledge-based business have actually progressed well.
With continually increasing support knowledge-based business will have a brighter future.The high number of knowledge-based companies active in the capital market shows they have completely grown.
Presently, there are 108 business in the capital market, which is prepared for to grow by 100 percent by the end of the existing year, March 2025.
Irans knowledge-based business exported over 3.6 million tons of items, valued at $2.506 billion, in the previous Iranian fiscal year (ended March 19, 2024), according to the Islamic Republic of Iran Customs Administration (IRICA).
Based upon the IRICA information, some 1.158 million tons of goods, valued at $5.141 billion were likewise imported by knowledge-based business into the country from March 21, 2023, to March 19, 2024.
About 85 percent of the products imported by the knowledge-based business came from China, the United Arab Emirates (UAE), Turkey, Germany, and India, IRNA reported.The domestic knowledge-based companies exported their items to China, Iraq, the UAE, Turkey, and Russia in this duration, IRICA said.In this duration, the knowledge-based business represented 2.6 and 5 percent of the countrys amount to exports in weight and value respectively.Advanced products and items based on chemical innovations represented about 80 percent of the export worth of these companies.China was Irans first buyer of knowledge-based items in this period.MT/ MG
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