TEHRAN, July 14 (MNA) – The director of European, African, American, and Arab Countries’ affairs in Iran’s Chamber of Commerce, Industries, and Mines in his latest trip to Algeria voiced Tehran’s readiness to promote trade and industrial cooperation with Algiers.

Meanwhile the sides held talks on the construction of a wagon-making factory as a joint venture and agreed that the related contract be signed in the near future, IRNA reported.

 

Also the sides negotiated over the establishment of a cement factory in which Iran would hold 51 percent of the shares and Algeria 49 percent.

 

NK/MRK

END

MNA

News Code 28972

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