Iran, Austria ink 2bn euro deals for cooperation

Iranian and Austrian private sectors will work on seven contracts, worth two billion euros,dealing with a number of agricultural and development projects.

Member of the Board of Representatives of Tehran Chamber of Commerce, Industries, Mines and Agriculture Hamid-Reza Salehi said the projects will also cover railway transportation, auto spare part manufacturing, agricultural products, hospital establishment in Iran and export of Halal meat to Austria from Iran.

Salehi said the deals were inked during recent visit of a 110-member delegation of Iranian private sector to Austria last week.

He said Iranian and Austrian banking officials also agreed upon banking cooperation and insurance coverage of the exports risks.

Salehi went on to say that the Iranian parties during their visits welcomed finance of projects in Iranian territory.

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