TEHRAN – Some $4.88 million has been allocated to non-oil exports development in several Iranian provinces, support and management deputy at Trade Promotion Organization of Iran (TPOI) told ISNA on Tuesday.

Total of Rls.5.85 billion (nearly $634,150) comes from provincial credit funds approved by the cabinet to mainly establish international exhibitions or to complete the remaining development projects at export terminals in East and West Azarbaijan, Kohgiluyeh-Boyer Ahmad, Golestan and Markazi (Central) provinces, Babak Afqahi continued.

Over Rls.39 billion ($4.23 million) also goes to 30 provinces for non-oil export development plans in four phases, and “the ceiling set for each province is no more than Rls.1.5 ($162,600) while the minimum allowance stands at Rls.1 billion ($108,400),” He stipulated.

The export budget offered to every province is determined by Management and Planning Organization (MPO) and it is chiefly aimed at establishing education, IT, and other infrastructures for promotion of non-oil exports nationwide.