Foreign investments made in Iran's agricultural sector

Finance Materials 24 February 2021 13:06 (UTC +04:00)
Foreign investments made in Iran's agricultural sector

BAKU, Azerbaijan, Feb. 24

By Elnur Baghishov – Trend:

A total of $370 million worth of foreign investments have been invested in Iran's agricultural sector since the beginning of the current Iranian year (March 20, 2020), Director General for the Economic Affairs Department of Ministry of Agriculture Jihad of Iran, Mohammad Khaledi, said, Trend reports citing the ministry.

According to Khaledi, the Ministry of Agriculture of Iran, in cooperation with the Organization for Investment Economic and Technical Assistance of Iran (OIETAI), issues licenses for foreign investment in agriculture in the country.

Khaledi added that the foreign investments in the agricultural sector are made mainly in manufacturing of greenhouse products, establishment and development of livestock enterprises, processing industry, production of various pesticides and disinfectants.

“At present, the facilities on manufacturing of greenhouse products are being established with an investment of 100 million euro from Switzerland, a slaughterhouse and some facilities on the small cattle breeding – with an investment of 50 million euro from Hong Kong, and facilities on the production of chips and potatoes – with an investment of 11.7 million euro from England.

The director general noted that in addition, the facilities for the packaging of dried fruits will be built with an investment of $575 million from Germany, on the cultivation of melons with an investment of $3.3 million from Austria, and breeding Romanov sheep with an investment of 1.1 million euro from France.

Khaledi stressed that a 500-hectare mechanized date orchard with an investment of 3.4 million euro from the United Kingdom and a slaughterhouse for slaughtering of small cattle and cattle with an investment of $50 million from Iraq will be created.

At the same time, a facility to dry chicken legs and fish will be built with an investment of $86,000 from China.