Iran Economy in Brief – No. 57

Desalination capacities become more than twice by 2025

Downpour has significantly decreased over the last years and Iran seeks new sources for drinking water; in some areas for industrial uses as well.

One solution is desalination. Although the methods are not cheap, still the Government believes it is worthwhile in some regions.

The country’s capacity for water desalination will reach 1 million cubic-meters per day by 2025. To encourage more investment, the Government guarantees purchasing the produced water and wastewater.

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Mercantile Exchange with Saffron Flavor

Iran Mercantile Exchange (IME) inaugurated Saffron trading in Masshad on 12 February 2017.

“Iran’s saffron market is mostly based on retailing. In order to have a better performance in global markets, we need to adopt up-to-date trading standards,” said Soltani-Nejad, CEO of IME.

Saffron is now traded using Commodity Certificate of Deposits (CCD) and is expected to increase the liquidity in the market. This new market has been created in a cooperation with the Union of Saffron Cooperatives in Khorasan-Razavi Province.

Iran produces nearly 90% of the world’s Saffron.

More milk and more meat coming from Western Azerbaijan

Wstern Azerbaiejan Province, one the most fertile provinces in Iran, hosts the largest husbandry and agricultural complexes in the north-west region.

Salmas Complex has the final capacity of producing 27000 tons of milk and 300 tons of meat annually. Its main client is Pegah Co., Iran’s largest dairy producer. $14.2 million investment has been used for construction of this complex.

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Iran builds new hospitals; Austrians cooperate

Social Security Organization in a cooperation with the Austrian company, Vamed AG builds two new hospitals, each with 320 beds; one in Tabriz and another one in Shiraz.

Social Security Organisation (SSO), in Iran known as Tamin-Ejtemaii, is a social insurer company. It has several subsidiaries. Housing Investment Company, one of its subsidiaries, will run the project of building new hospitals.

Tamin Investment Company (SHASTA) is another subsidiary of SSO, who owns several major pharmaceutical companies in Iran.

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