Arak, Iran Arak, Iran Arak (, "Arâk"; ), is the capital of Markazi Province, Iran. At the 2011 census, its population was 526,182, in 160,761 families. this city nicknamed as Industrial Capital of Iran. A major industrial city, Arak hosts several industrial factories inside and within a few kilometers outside the city, including the factory of Machine Sazi Arak and the Iranian Aluminium Company. These factories produce nearly half of the needs of the country in steel, petrochemical, and locomotive industries. As an industrial city in a developing country, Arak is subject to the issue of air pollution. The term "Arâk" remains
Economy of Iran most Iranians have difficulty obtaining small home loans, 90 individuals secured facilities totaling $8 billion. In 2009, Iran's General Inspection Office announced that Iranian banks held some $38 billion of delinquent loans, with capital of only $20 billion. Foreign transactions with Iran amounted to $150 billion of major contracts between 2000 and 2007, including private and government lines of credit. In 2007, Iran had $62 billion in assets abroad. In 2010, Iran attracted almost $11.9 billion from abroad, of which $3.6 billion was FDI, $7.4 billion was from international commercial bank loans, and around $900 million consisted of loans and