Iran rules out ‘joint’ industrial zone with Turkey

Business Materials 26 December 2016 17:35 (UTC +04:00)

Tehran, Iran, December 26

By Mehdi Sepahvand - Trend:

Iran has ruled out a possibility of a joint investment in industrial zones with Turkey.

“What we have is industrial zones where they can come and invest. We would even give them 100 percent of a zone if they want to, however, there will be no joint zones,” Iran Small Industries and Industrial Parks Organization (ISIPO) CEO Ali Yazdani said at a press-conference in the Iranian energy ministry, Trend's correspondent reported.

Yazdani said that after preliminary talks, Iran has proposed to the Turkish side 15 industrial zones, including special economic zones, which they can observe, and do business in.

“A team of theirs is going to visit the zones in 2017,” he said. Answering the question on how much of investment Iran expects from Turkish investors, Yazdani said about $10 billion.