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Iran consulting with foreign companies to accept Iranian banks` guarantees

Business Materials 30 December 2019 17:08
Iran consulting with foreign companies to accept Iranian banks` guarantees

TEHRAN, Iran, Dec.30

Trend:

Minister of Roads and Urban Development of Iran Mohammad Eslami has announced that Iran is holding consultations with neighboring countries on accepting the guarantees of Iranian banks to foreign employers, all related to engineering and technical services projects.

"Iran is having some difficulties regarding banking guarantees of technical and engineering services, all due to sanctions," Eslami said, Trend reports citing IRNA.

"We are trying to facilitate presence of Iranian companies in the construction industry of the target countries and hold consultations to ensure that Iranian banks' guarantees are accepted by foreign employers," he said.

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