Jan 11, 2018, 7:42 PM
News Code: 82792944
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Iran, Italy sign 5-billion-euro investment deal

Tehran, Jan 11, IRNA – A 5-billion-euro agreement was signed on Thursday by Iranian banks and an Italian company to finance investment projects in Iran.

Iranian Bank of Industry and Mine, and Middle East Bank signed the agreement with Italian Global Investment.

The agreement envisages the capacity for other banks to join it, and will provide the required finance for constructional and manufacturing project using Italian technologies and machinery as well as engineering and technical services.

Italy is the seventh country to ink investment deals with Iran after India, China, South Korea, Denmark, Austria and Russia.

The agreement is regarded in Iran as another step towards diversification of financial sources for Iranian projects.

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