Economy, Business And Markets

Slovenian Firms Strike Deals Worth €10m in Iran

Slovenian Firms Strike Deals Worth €10m in IranSlovenian Firms Strike Deals Worth €10m in Iran

Several Slovenian companies, including air domes manufacturer Duol and Iskratel Telco, have signed deals worth €10 million with Iranian partners at the Slovenian-Iranian Business Conference in Tehran on Friday.

Duol signed a deal worth €1 million to construct an air dome at the Imam Khomeini International Airport in Tehran. 

“The dome is to serve as a temporary airport terminal and will be used during the renovation of the airport,” said Duol CEO Dusan Olaj, The Slovenia Times reported on Saturday.

Iskratel, which has been present on the Iranian market for decades, struck a deal worth €5 million with Iranian switchgear maker Electro Kavir for the supply of measuring and pressing equipment.

Iskratel has also signed a deal with the company Iran Tablo for the supply of protective relays and systemic solutions.

Margento, a Slovenian company researching mobile transaction services, signed a deal with the Iranian company City Development & Innovations to establish a cashless payment system with the use of mobile phones. 

It will first introduce the system on Kish Island, which is located in the Persian Gulf about 20 kilometers from mainland Iran and has a free-trade zone status, and later expand in other Iranian regions. 

Hydro turbines maker Litostroj Power signed a €4 million annex to the contract for the project of Khoda Afarin Power Plant on the Iranian-Azerbaijani border, which is being built by Iranian industrial giant Farab.

Litostroj Power is to make two butterfly valves for the hydropower plant.

All companies have welcomed Slovenia’s decision to reopen the Slovenian Embassy in Tehran, as this will be of great significance for making new deals, especially with national institutions, in Iran.

Slovenia reopened its embassy in Iran late November in the presence of Slovenian President Borut Pahor and Iran’s Foreign Minister Mohammad Javad Zarif.

Heading a 50-strong commercial delegation, Slovenian President Borut Pahor arrived in Tehran November 22 and was officially greeted by Iranian President Hassan Rouhani.

In the presence of the two presidents, three memoranda of understanding were signed to expand economic interactions and increase cooperation in the fields of information and communications technology and nanotechnology.

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