According to Iranian media, the agreement was signed on Friday night by Chairman of Board of Drectors of Qeshm Rivas Company, Mohsen Nateq, as the Iranian side of the agreement.
Speaking to reporters on the sidelines of the signing ceremony, Nateq said implementation of the first phase of the project, with the capacity of producing 1,000 tonnes of saltwater fish through cage culture method has already started on Qeshm Island with the participation of the foreign side.
He added that if necessary funds are supplied for the implementation of later phases of the project, total production of saltwater fish will hit the nominal capacity of the project at 5,000 tonnes by next year.
According to a report released by the Fisheries Department of the Southern Iranian Province of Hormozgan, necessary permits for production of 35,000 tonnes of saltwater fish have been issued in the past two years.
Meanwhile, Deputy Ddirector of Iran Fisheries Organization, Seifollah Haqiqi, noted that through cooperation between Iran's private sector and Norwegian companies, a total of 35,000 tonnes of saltwater fish is expected to be produced by next Iranian calendar year (starts March 20, 2016) through cage culture method.
During recent years, Iran has been trying to diversify its revenue sources by investing in sectors other than oil, including aquaculture and production of various kinds of fish meant largely for export to neighboring countries.
Last July, an official at Iran Fisheries Organization said the country will soon export about 28,000 tonnes of various kinds of fishery products to its northern neighbor, Russia.