Russian,Turkish investors in Iran

Business Materials 26 May 2015 12:23 (UTC +04:00)

Baku, Azerbaijan, May 26

By Fatih Karimov - Trend: Russian, Turkish, and Bangladeshi traders have held separate meetings with officials in Iran 's northwestern province of Ardebil over recent days, seeking opportunities to invest in the province.

The consul general of Russia in Rasht, the commercial attaché of Bangladesh in Tehran, and a Turkish economic delegation met with government officials as well as private sector managers of the province, Iran 's IRNA news agency reported May 26.

A joint Russian-Turkish company has announced readiness to invest in the construction of Ardebil-Mianeh railway, as well as the construction of hotels, and tourist resorts.

The commercial attaché of Bangladesh said that Bangladesh could be a suitable market for Iranian exquisite carpet and honey.

The consul general of Russia called for boosting cooperation between Russia and Iran's northern provinces,saying that Ardebil producers can increase exports of agricultural products and foodstuff to Russia.

Iran's non-oil exports rose by 19 percent during the last Iranian fiscal year (ended March 20) as the Islamic Republic steps up efforts to reduce dependency on its oil revenues.

Valiyollah Afkhami, Iran's Deputy Minister of Industries, Mines and Trade, said in April that exports of commodities and natural-gas condensate reached $50 billion, showing a 19 percent year-on-year increase.

He also pointed to the boom in Iran's service exports in diverse sectors including tourism, engineering, and transit and said the country is capable of increasing the export of such services.

Edited by CN