Foreign Relations Decisive in Expanding Economic Cooperation

Iranian private companies have proved their mantle in executing big power projects, such as construction of dams and hydropower stations, as well as thermal and combined-cycle power plans, at competitive prices, the deputy head of Iran Chamber of Commerce, Industries, Mines and Agriculture's Exports Commission, said. 
However, Hamidreza Salehi added that access to cutting-edge knowhow is not sufficient to win development projects in Iraq, Afghanistan and Pakistan, as foreign relations play a more important role.
“Iran is about to lose ground in Iraq’s electricity market as Turkish, Egyptian and Saudi Arabian firms are negotiating to sign a $30 billion agreement to develop Iraq’s aging power infrastructure, while the first thermal power station in Iraq after the Iran-Iraq war was built by Iranian companies,” Salehi was quoted as saying by ILNA.