19 September 2010 - 18:25
Iran, Algeria investment confab

TEHRAN, Sept. 19 (MNA) – A conference on Iran and Algeria’s investment opportunities will be held in Tehran on October 3.

IRNA News Agency quoted an official with the Trade Promotion Organization of Iran as saying that, “currently two Iranian companies are carrying out $150 million worth of technical and engineering service projects in the African country.”

 Iran exported $30 million worth of goods and 30 million euros worth of technical and engineering services to Algeria in 2009.

 In August, Iran and Algeria discussed signing a free-trade deal with the African Moslem country in the future.

 Previously Iranian Commerce Minister Mehdi Ghazanfari has said that the Islamic Republic respects the African continent in its international commercial relations and in this regard Algeria could be a gateway for Iran into North Africa.

 The minister said holding specialized exhibitions, opening bank branches or establishing a joint bank and exchanging trade delegations are some ways Tehran and Algiers can help boost business relations between each other.

 MF/SJ

END

MNA

News Code 41975

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