Private Sector Invests Over $130m in Golestan

EghtesadOnline: A total of 37,173 billion rials ($137 million) were invested by the private sector in Golestan Province during the first five months of the current fiscal year (March 21-Aug. 22), according to a local official.

News ID: ۷۸۶۹۸۸

08 September 2021

“With these investment, 12,430 job opportunities will be created in various sectors of agriculture, tourism and industry in the northern province,” Ebrahim Karimi was also quoted as saying by IRNA.

Golestan is one of the 31 provinces of Iran, located in the northeast. Its capital is Gorgan.

A total of 267,000 tons of commodities worth $112 million were exported from Golestan Province’s border crossings during the last Iranian year (March 2020-21), showing a 25% and 19% decline in weight and value respectively compared with the year before.

Latest data show exports from Golestan Province stood at 160,666 tons worth $46.23 million in the first four months of the current fiscal year (March 21-July 22), registering a 268% and 52% growth in weight and value respectively year-on-year.

Polystyrene, cheese, dates, pistachio, cement, potato and iodine were the main goods exported from Golestan.

“Kazakhstan, Turkmenistan, Iraq, Afghanistan, Bulgaria, Romania, Italy, Russia, Kyrgyzstan, Uzbekistan and Pakistan were the main destinations,” Director General of Golestan Customs Administration Ebrahim Hosseini was quoted as saying by IRNA.

Imports to Golestan hit 2,389 tons worth $8.49 million during the same period, registering a 39% and 24% YOY growth in weight and value respectively.

The imports mainly include stabilizer, fabric, synthetic wax and antistatic.

China, Turkey, Turkmenistan, Poland and Vietnam were the main exporters.