Italian investors aim to expand relations with Iran

A group of Italian bankers, investors and entrepreneurs plans to invest and broaden its cooperation with Iran in economic and trade fields, said a report.

The offer was made at a conference themed Joint Trade and Investment Ventures between Iran and Italy’s Emilia-Romagna region in the city of Bologna, which was attended by 200 Italian investors and businessmen, added the Iran Daily report, citing IRNA.

Iranian Ambassador to Italy Jahanbakhsh Mozafari also took part in the conference, it said.

At the gathering, director of International Affairs of Emilia Romagna Industrial Committee Gino Cocchi underlined the importance of enhancing ties with Iran.

He predicted that Italy’s exports to Iran will reach €3 billion ($3.38 billion) in the next four years.

In mid-April, Iran and Italy signed 12 contracts to cooperate in trade and economic sectors.

Chairman of Iran-Italy Chamber of Commerce, Industry and Mines Ahmad Pourfallah said the agreements were signed in a ceremony attended by Italian Prime Minister Matteo Renzi and Iranian Minister of Industry, Mine and Trade, Mohammadreza Nematzadeh.

He said negotiations are also underway between Iranian and Italian trade delegations on further cooperation in economy, trade and banking.

According to the official, the discussions include cooperation in oil, gas, electricity, power plant, steel, textile, fashion, car, infrastructure, urban planning and architecture, telecommunication, railway, airport construction, shipping, refinery, and petrochemicals, added the report.

By Trade Arabia Business News Information