Iran, Italy sign 5-billion-euro investment deal

Yamanyoon- Jan 11, 2018

Iranian Bank of Industry and Mine, and Middle East Bank signed the agreement with Italian Global Investment.

The agreement envisages the capacity for other banks to join it, and will provide the required finance for constructional and manufacturing project using Italian technologies and machinery as well as engineering and technical services.

Italy is the seventh country to ink investment deals with Iran after India, China, South Korea, Denmark, Austria and Russia.

The agreement is regarded in Iran as another step towards diversification of financial sources for Iranian projects.