Economy, Business And Markets

Transport MoUs With Germany

Transport MoUs With Germany Transport MoUs With Germany

Iran and Germany signed six memorandums of understanding for cooperation in the transportation sector.

The agreements were signed following a meeting between Iran’s Minister of Roads and Urban Development Abbas Akhoundi and his visiting German counterpart Alexander Dobrind in Tehran on Sunday, Mehr News Agency reported.

Dobrindt arrived in Tehran heading a trade delegation on Friday. The visit comes a few weeks after German Economy Minister Sigmar Gabriel visited Iran.

During Gabriel’s stay, the largest engineering company in Europe, Siemens, agreed to supply components for 50 diesel-electric locomotives to Iran’s MAPNA Group.

Another agreement was also signed between the two companies to jointly manufacture 70 electric locomotives to be used in the 926-km Tehran-Mashhad railroads, which Iran is planning to electrify.

Together with Iran’s Economy Minister Ali Tayyebnia, Gabriel co-chaired the fifth session of Iran-Germany Economic Commission in Tehran on October 3. German firms signed 10 business agreements with Iranian partners at the gathering.


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