Economy, Business And Markets

Iranian Infrastructures in Italian Confab Limelight

Iranian Infrastructures in Italian Confab LimelightIranian Infrastructures in Italian Confab Limelight

The Italian Ministry of Foreign Affairs, Farnesina, hosted a roundtable on Iran's infrastructures in cooperation with the national association of developers (ANCE) and Agenzia ICE, the Italian Foreign Trade Institute said on Tuesday.

The event was attended by Italy's undersecretary for foreign affairs, Benedetto Della Vedova, and ANCE, ICE, SACE and Confindustria executives, as well as a top-level Iranian delegation, led by deputy minister of roads and urban development, Mohsen Pourseyyed-Aqaei, who is also the managing director of Islamic Republic of Iran Railways, Italian news agency AGI reported.

The Iranian delegation included officials from four ministries, namely Roads and Urban Development, Health and Medical Education, Agricultural Jihad and Energy, as well as nine governmental agencies.

The conference follows an Italian mission to Tehran in August, led by Foreign Minister Paolo Gentiloni and Minister for Economic Development Federica Guidi.

Another mission to Tehran focusing on industrial cooperation took place a few weeks ago, headed by Italy's deputy minister of economic development, Carlo Calenda, who brought with him over 300 Italian firms working in the automotive, biomedical, building material and renewable energy sectors.

Italy's focus on Iran's construction and infrastructures arises from Tehran's considerable investment needs in railroads and road networks, as it is hard-pressed to handle traffic generated by a country of over 80 million people.

The Iranian government, seeking to attract new stakeholders to its ports, airports and hospital infrastructures, is turning largely to foreign investors.