French company to invest €2M in fisheries in Iran
Tehran, Iran, February 4
By Mehdi Sepahvand - Trend:
A French company will invest 2 to 2.5 million euros in fisheries in Aligudarz, Luristan Province, Iran, according to Luristan Governor General Hushang Bazvand.
The preliminary agreement was signed last year during President Hassan Rouhani’s trip to Paris, according to which, Luristan Province will become a pilot fisheries investment area, the official said during a meeting with the visiting French investors, IRNA news agency reported February 4.
“This is the fourth foreign investment in Luristan Province after the JCPOA. We insure foreign investors that we will protect their investment the best way possible,” he added. “Investment in the water sector in Luristan province is profitable. There are 2,500 kilometers of streams in Luristan province.”
The Joint Comprehensive Plan of Action (JCPOA), was a deal on Iran’s nuclear program put in force in January 2016 to lift economic sanctions on Iran in return to curbing the country’s nuclear program.