Iranian industry minister due in Venezuela, Bolivia

Business Materials 26 August 2010 12:50 (UTC +04:00)

Heading an industrial and economic delegation, the Iranian Industries and Mines Minister Ali-Akbar Mehrabian left Tehran for Caracas on Wednesday.

During his visit to Venezuela, Mehrabian will hold meetings with his Venezuelan counterpart and other high-ranking officials, the Mehr News Agency.

Mehrabian will also open Iran's industrial capacities show in Venezuela.

Iran has carried out several projects in Venezuela including car and tractor manufacturing units, 13 dairy factories, and cement production units.

The Iranian delegation will depart Caracas after two days to visit La Paz, capital of Bolivia, to discuss issues of mutual interest with the Bolivian officials.

In January, the Iranian Ministry of Industries and Mines announced that 70 projects, mostly run by private sector companies, were being implemented in Venezuela.

The projects are mostly in the areas of automobile and tractor manufacturing and the construction of cement and dairy factories.

However, Iranian companies and organizations are also involved in mining and excavation projects as well as cultural, technological, scientific, and academic activities in Venezuela.

Iranian President Mahmoud Ahmadinejad and Venezuelan President Hugo Chavez signed a memorandum of understanding in Caracas in November 2009 that comprised 270 agreements on cooperation in the areas of agriculture, industry, technology, energy, fisheries, and housing.