According to Iran's Tasnim News Agency, the deputy general manager of Iran's Knowledge Enterprise Development Company stated, "Last year, a total of 38 large-scale projects were submitted to the High Oversight Committee of the Law on Maximizing the Utilization of Domestic Production and Service Capacity for review, with a total value of approximately US$9 billion. Of these, 63% of the projects were undertaken by Iranian domestic manufacturers and contractors. These projects involve the oil, gas, petrochemical, and power industries, and particularly include solar and hydropower projects, resulting in savings of €700 million."