Economy, Domestic Economy

Iran HOSPITEX 2017 Underway

Iran HOSPITEX 2017 UnderwayIran HOSPITEX 2017 Underway

Tehran International Permanent Fairground is hosting the third International Exhibition of Hospital Building, Infrastructure, Installation, Equipment and Related Industries, otherwise known as Iran HOSPITEX 2017.

The event opened on Sunday and will run until Wednesday.

As ILNA reported, this year’s expo has seen a 25% rise in the number of participants.

Some 110 domestic and foreign companies from France, Italy and Spain are showcasing their latest products and services.

On the sidelines of the expo, deputy head of Iran International Exhibitions Company said Italy and South Korea have expressed interest in building hospitals in Iran.

The exhibition is aimed at introducing Iran’s capabilities in hospital building and infrastructure, providing the platform for investors, using domestic capacity, boosting job creation and creating competition among domestic producers.

China signed a contract with Iran last week to extend $2 billion in finance for the construction of five hospitals in the Islamic Republic. The finance will be provided by the Exim Bank of China and China Development Bank.

The projects include two 1,000-bed hospitals for Shahid Beheshti University of Tehran, a 1,000-bed hospital for Iran’s University of Medical Sciences, a 330-bed hospital and a 540-bed hospital for Iran’s University of Medical Sciences. These are to be built under the supervision of Iran’s Health Ministry within four years.

Earlier this month, Hashemi said South Korea has agreed to finance the construction of three hospitals in Iran. Iran signed a major credit line deal with South Korea’s Exim bank in August 2017. The deal stipulates the provision of €8 billion in loans to finance projects in Iran.

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