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Iranian carmaker Saipa exports hit $100M over one year

Business Materials 12 March 2016 17:18 (UTC +04:00)

Tehran, Iran, March 12

By Mehdi Sepahvand -- Trend:

The exported products of major Iranian carmaker Saipa over the past year have amounted to $100 million, according to Deputy CEO for Exports Ahmad Esamili.

This year Saipa products were exported to Azerbaijan, Turkmenistan, Egypt, Iraq, Syria, and Venezuela, he said, IRIB news agency reported March 12.

"For next year we intend to add Algeria, Nigeria, and Senegal to our markets," he further stated.

"We have estimated that the company's export will total $200 million next year."

Esmaili said his company is also considering export of parts to Turkey, Russia, and Ukraine.

Iran is planning to turn into a hub for producing cars in the Middle East, an Iranian carmaker said.

The head of Iran's SAIPA automaker, Mohammad Jamali, has said that given Iran's geopolitical situation and its high security, the country is capable of turning into a car making hub in the region.

Renault has willingness to increase the current number of Logan and Sandero models in Iran and launch the production lines of two new models, including Renault Kwid in Iran, a report said on Feb.19.

"The representatives of Renault would travel to Iran in near future to sign an agreement to launch a joint venture with Pars Khodro, the main subsidiary of SAIPA, to boost its markets in Iran," the report added.

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