Germany's Hermes company to sign €7B contract with Iran
Tehran, Iran, May. 3
By Mehdi Sepahvand, Emil Ilgar - Trend:
Iran's cooperation with Germany's Hermes Insurance Company is estimated to surpass €7 billion, Mohammad Khazaee, head of Iranian Investment Organization, said May 3.
"The talks have been held to remove the financial obstacles and in the near future Iran-Hermes relations will be normalized," Khazaee said during the German-Iranian Business Forum in Tehran, Trend's correspondent reported.
Iranian and German companies planned to sign several cooperation documents on May 3. Currently, 150 German officials and businessmen are in Tehran.
Before, German Economy Minister Sigmar Gabriel's visit to Tehran was scheduled, but was later postponed due to the official's health issues.
Uwe Beckmeyer, parliamentary state secretary at the Federal Ministry of Economic Affairs and Energy who heads German delegation, and Khazaei will sign a 40-page overview of future economic cooperation between two countries.