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NewsIran embraces industrial cooperation with Italy

Iran embraces industrial cooperation with Italy

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Iran has called for Italian companies to participate in the implementation of the Islamic Republic’s new projects in the mining industry sector.
In a meeting with the board members of Italy’s Fata industrial and engineering group in Tehran, Mehdi Karbasian, the head of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), pointed to Tehran’s plans to implement new projects in mining and metal industries, including aluminum, steel and copper, as well as other non-metal industries, calling for the presence of European, particularly Italian, firms in those projects.
Chairman of the Fata Board of Directors Ignacio Moncada, for his part, said the company is keen to participate in aluminum and power plant projects in Iran, and called for the setting up of working groups to set the stage for cooperation in that area.
On February 22, an Italian business delegation, headed by Chairman of the Italy-Iran Chamber of Commerce Rosario Alessandro, travelled to Iran on a four-day visit to explore investment opportunities in the Islamic Republic.
The delegation met a number of Iranian economic figures, including the president of the Iranian Investment Organization and some officials at Iran’s Industry, Mines and Trade Ministry.
They took part in a conference aimed at introducing economic, commercial and foreign investment potentialities in Iran.
In December 2013, Iranian president Hassan Rouhani expressed Iran’s readiness to promote relations with Italy to the “highest level possible.”
Rouhani described Italy as an important partner for the Islamic Republic, adding that helping Italy meet its energy demands has always been a top priority in Tehran-Rome ties.
Following her late-2013 visit to Iran, Italian Foreign Minister Emma Bonino called on the West to avoid its past mistakes and seize the opportunity to have dialog with Iran.