Page 63 - IRANRptFeb22

Bank Kesharvarzi provides loan to entrepreneurs tapping into Iran’s dairy farming expansion with 2,000 cow farm
Iran’s Bank Kesharvarzi (Agriculture Bank) is providing a loan of Iranian rial (IRR) 300bn ($1.1mn at the unofficial rate, $7.1mn at the government rate) to agro-industrial company Saba Pegah Lorestan for construction of a 2,000-cow dairy farm in the western Lorestan province in the Zagros mountains, IBENA has reported.
Iran’s dairy industry has seen significant expansion in recent years. It now even runs operations in Iraq and, thanks to a recent deal, Armenia. Despite its mostly arid climate, Iran is the most significant milk producer in Western Asia after Turkey. It has industrial-sized dairy farms spread the length and breadth of the country.
Saba Pegah Lorestan’s dairy farm is expected to become one of the most modern industrial farm entities in Iran. It covers an area of more than 41,000 square metres.
Ali Ansari-pour, CEO of Saba Pegah Lorestan, said that at full capacity the farm would produce more than 25,000 tonnes of milk and 350 tonnes of red meat per year.
He added: "This farm is one of the most modern farms in the country and to increase the welfare and health of livestock and also increase the quality and quantity of milk produced, a ‘free-range’ method of farming has been introduced.”
9.2.5 TMT corporate news
Iran starts roll out of 5G mobile connectivity
Iran’s two largest mobile network operators, MTN-Irancell and Mobile Communications of Iran (MCI), have started a rollout of a fifth generation (5G) mobile network in Tehran, ITMEN magazine has reported. MTN-Irancell’s first 5G mast is seen at the Communication and Information Technology Research Institute located on Kargar street in central Tehran. It was placed there in cooperation with the telecommunications ministry. Other areas of the capital will see 5G antennae installed gradually over the next few months by both operators.
The rollout forms part of a push by the government to spearhead the digitisation of state services and grow Iran’s technology sector despite the coronavirus (COVID-19) crisis now into its third wave in the country.
MCI said it was in the process of localising equipment needed for the 5G rollout.
Several new 5G masts are to be put into operation in Tehran and other cities in the next few weeks.
5G in Iran is being introduced in cooperation with unnamed Chinese telecommunications companies; Huawei equipment is being used, according to reports on the ground.
On November 2, Mehdi Akhavan Bahabadi, CEO of MCI, said at a launch introducing 5G mobile applications in the country that several deals between higher education institutions and the operator have been signed to develop apps locally.
63 IRAN Country Report February 2022 www.intellinews.com