“The British major company (IHG) signed today an MOU to finance construction of a network of cancer centres in Iran,” Ambassador Hamid Baeidinejad said in a post in his Twitter account on Monday.
The Iranian ambassador also noted that the MoU is valued at €1.8 billion.
Baeidinejad also noted in a post in his Instagram that the MoU was signed between Iranian Ministry of Health and Medical Education and International Hospital Group (IHG) following months of negotiation.
The agreement will see IHG invest in and build modern cancer treatment centres across the country in three phases, Tasnim quoted him as saying.
The two sides are expected to finalize the details of the MoU at their next round of talks, the Iranian diplomat said.
According to the terms of the agreement, the Iranian health ministry and IHG will also cooperate to exchange information, data and the latest findings in the field of cancer treatment and manpower training.
It will be one of the major foreign investments in Iran since the coming into force of the Joint Comprehensive Plan of Action (JCPOA).