President unveils economic drive in South Khorasan, touts national strength

President Masoud Pezeshkian concluded a significant working visit to South Khorasan province, heralding a major injection of capital and a series of development projects aimed at boosting the regional and national economy. The centerpiece of the visit was the inauguration of two key industrial facilities: a new steel ingot production unit and a gold processing center in the city of Qaen. Further solidifying a focus on economic expansion, the government signed two crucial Memoranda of Understanding (MOUs) related to enhancing food security and constructing a heavy tire factory.

The financial scale of the government’s commitment was made clear with the announcement of a staggering 190 trillion rials (about $190 million) in credit allocated for the province’s development, stemming from this provincial trip. Beyond traditional industry, President Pezeshkian outlined an ambitious vision for renewable energy. He announced plans for the significant development of solar power, targeting a national production goal of 40,000 megawatts of electricity. In a statement resonating with both domestic and international audiences, the president underscored a major infrastructure milestone: the imminent completion of the Chabahar-Zahedan railway, which he insisted would be operational by the end of the current Iranian year (March 20, 2026).