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Transport MoU With South Korea
Economy, Domestic Economy

Transport MoU With South Korea

Iran and South Korea have signed a memorandum of understanding to improve cooperation among the government, private sector and investors of the two countries in the fields of transportation, housing and urban development. The news portal of the Ministry of Roads and Urban Development also reported on Wednesday that the MoU calls for boosting ties in development of port, rail, aviation and housing infrastructures, smart cities and smart transportation systems, among other things. It also underscores technology transfer from South Korea to Iran in the form of educational courses and special seminars, government support for Korean companies financing Iranian projects and encouragement of Korean investors to participate in Iranian projects through public-private partnership deals.

 

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