$40m Tech Investment in Ardabil
$40m Tech Investment in Ardabil
Saturday, April 28, 2018

$40m Tech Investment in Ardabil

Saturday, April 28, 2018

$40m Tech Investment in Ardabil

Iran’s ICT minister inaugurated several tech projects with the total cost of 1.67 trillion rials ($39.7 million) in the northwestern province of Ardabil over the weekend.  According to the ministry’s website, the projects were inaugurated during a visit by Mohammad Javad Azari-Jahromi to the province’s capital, Ardabil. The investment is directed toward upgrading the local mobile Internet network, expanding fiber-optic infrastructure, enhancing the province’s total bandwidth, advancing Fiver to the Home projects, connecting all villages to high-speed Internet and creating a startup accelerator in the city of Ardabil. The move is part of President Hassan Rouhani’s push to expand the country’s ICT infrastructure so as to move the economy away from overreliance on oil reserves toward a technology and science-based economy.


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