Iran Economy in Brief – No. 78

More fish to be exported

In a visit to Dezful, the Head of Iran Fisheries Organization, Hasan Salehi said: “For the Iranian fiscal year 1400 (2021) we aim to export fishery products worth 900 million dollars. In this plan, exportation of caviar and caviar fish produced in Dezful has also been forecasted.”

Mr. Salehi had traveled to Dezful to inaugurate the first phase of the largest aquaculture complex in northern Khuzestan Province. This project is comprised of 55 aquatic and caviar fish farms, and for phase one, 15 billion IRR ($460k) has been spend on each farm. Dezful is a city in the southwest of Iran, located near the Dez River and on the Khuzestan plains.

Based on figures from the Ministry of Agriculture, last year 105 thousand tons of aquaculture products valued at 412 million dollars were exported. Mazandaran Province, on Caspian See, hold the first rank in aquaculture and Khuzestan holds the second rank.

Iran and Vietnam to reach $2b export

Iran and Vietnam move towards free trade. An agreement for preferential trade between the two countries, is to be the first step. Minister of Industry and Mining, Mohammad Reza Nematzadeh, hopes to increase the export to $2b level. Currently Iran’s export of non-oil goods to Vietnam is less than $400m, while the import from Vietnam is $40m. Vietnamese hope to resume the export of rice to adjust their balance.

Read more on Iran-Vietnam trades

RAJA purchases new wagons

With a 10 trillion IRR ($306m) investment, RAJA Rail Transportation Co. will purchase 250 new wagons over the next three years. RAJA is a branch of the Iranian Rail Transport Co. responsible for the transportation of passengers.

“RAJA currently has one thousand passenger wagons of which 750 are in use and provide 20 to 25 thousand seats for passengers traveling across different routes every day. RAJA plans to increase its number of wagons to more than 1200 units over the next three years”, said Mohsen Yavari, the Technical Manager of RAJA.

RAJA intends to acquire these wagons from domestic manufacturers with foreign partners; RAJA plans to provide 25% of the financing.

Transforming Kerman into a solar city

Mokran Solar Power Plant Complex in Mahan county, in Kerman Province, became operational. The ceremony was attended by the Minister of Energy, Hamid Chitchian. This complex, comprised of two 10MW power plants, and was constructed with a 27 million Dollar joint investment by Mokran Solar Energy Co. and the German Durion Energy. The six-month-long project was managed by Adore Group.

Read more about New solar plants in Iran


Correction: In our previous edition, Iran Economy in Brief No. 77, the departure date in “Taking off for Hajj” story, was “31 July”. We apologize for the mistake and would like to thank our perceptive readers.