Speaking at the inauguration of the Khuzestan Steel Company (KSC) on August 26, Madanizadeh underscored the province’s untapped potential. “Khuzestan holds unique capacities for investment,” he said, adding that the government aims to set a record for capital inflows this year despite prevailing economic headwinds.
The ceremony, attended by provincial officials, industrial stakeholders, and economic activists, marked a broader push by Tehran to stimulate domestic production and attract investment in sectors vulnerable to global market shifts and sanctions.
Madanizadeh also acknowledged the impact of forthcoming international carbon restrictions, which are expected to apply to Iran from next year. He urged the banking sector to adopt a new policy orientation that prioritizes financing for environmental and low-carbon projects.
In addition to green investment, the minister called for greater utilization of free trade zones and stronger engagement with the private sector to boost exports. “Our goal is to fully leverage provincial capacities to drive economic development, generate sustainable employment, and foster growth,” he said.