A timber factory was inaugurated on Iran's Kish island.
The first unit of the Middle East's largest timber industries factory has been inaugurated on Iran's Persian Gulf island of Kish.
Build at a cost of 230 billion rials and 27 million euros, the unit is to produce over 2.2 million kitchen cabinets annually, IRIB reported.
Covering an area of 200,000 square meters, the factory is expected to be complete by 2011 with an investment of 900 billion rials and 80 million euros.
The products of the factory will be either sold in the domestic market or exported to the Persian Gulf Arab states.
Once the factory becomes complete in 2011, some 100 million euros worth of products will be exported to regional states annually.