Iran, France to establish joint fish farm

Business Materials 15 June 2015 16:04 (UTC +04:00)

Baku, Azerbaijan, June 15

By Umid Niayesh - Trend:

Iran and France have agreed to establish a joint fish farm on Iran 's southern Island of Qeshm , Hossein Ali Abdollahi, an official with Iran 's fishery organization said.

In line with the fishery organization's development plan to replace farming of freshwater fish with saltwater fish, some 10 million sea species of fish will be produced in the farm per year, Abdollahi said.

The farm will be established with French technology and all needed licenses have been issued, Abdollahi said, Iran 's Fars news agency reported June 15.

Iranian and French companies have invested some two million euro in the joint venture, he added.

The official also said the Islam Republic 's National Development Fund has allocated $1.97 million for the project as well.

Iran and France signed six memorandums of understandings to enhance cooperation in the farming and fishery sectors last month.

Based on the MOUs, which were signed in Tehran by deputy agriculture ministers of Iran and France, the two countries will expand relations in the gardening, fish farming, and animal husbandry.

Iran exported some $310 million worth of seafood in the past Iranian fiscal year (ended March 21).

The country's sea fishing and aquatic cultivation totaled 900,000 metric tons in the same period.

Edited by CN

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