Iran, Oman set up joint investing company

TEHRAN, May 25 (MNA) – Iran and Oman established a joint investing company with the initial capital of $50 million.

Chief Executive Officer of the Omani Center for Investment Promotion and Export Development (OCIPED) Salem Ben Nasser Al-Ismaily and the Managing Director of Iran Foreign Investment Company (IFIC) Mehdi Razavi, signed the MOU in Muscat for the establishment of the company, IRINN reported here on Monday.

 

According to the MOU the sides will have the opportunity to invest in each others industry, trade, housing, energy and transportation.

 

NK/MRK

END

MNA

News Code 33955

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