Mazandaran Private Sector Investments Top $350m Since 2013

EghtesadOnline: Investments by the private sector in Mazandaran Province’s industrial and mining sectors have reached 88.39 trillion rials ($358 million) since 2013 when President Hassan Rouhani first took office.

News ID: ۷۸۵۹۰۸

04 February 2021

“Over the period, some 1,800 production units were established, creating around 30,000 jobs for the locals,” Hossein Ali Qovanlou, the head of Mazandaran Industries, Mining and Trade Organization, was quoted as saying by IRNA.

Since the beginning of the current Iranian year on March 20, 2020, private sector investments in Mazandaran have reached 31 trillion rials [$125.77 million].

“Food industries account for 42% of the province’s production units, which have thrived despite the Covid-19 pandemic.”

With 150,000 hectares of orchards, Mazandaran is the top producer of horticultural products in Iran.

Last year (March 2019-20), a total of 200,000 tons of agricultural products were exported from Mazandaran, indicating a 100% hike compared with the previous year.

The province also ranks first to third in the production of rice, chicken, dairy and seafood.

Over the 9 months under review, some 10,000 tons of rice worth $6 million were exported from Mazandaran.