ECONOMY   Building Materials  

Tehran, Damascus Ink MoU on Syria Reconstruction

Iran and Syria signed a memorandum of understanding (MoU) to establish three joint companies in a bid to accelerate the reconstruction of the Arab country, which has been stricken by more than eight-and-a-half years of foreign-backed civil war.

The MoU was signed during a ceremony in Tehran on Tuesday evening with Iranian Minister of Roads and Urban Development Mohammad Eslami and Syrian Minister of Public Works and Housing Suhail Mohammad Abdul Latif in attendance.

Speaking at the ceremony, Eslami said the most important part of this agreement is the establishment of three joint state-owned companies between Iran and Syria operating in the fields of infrastructure, housing and consulting and engineering services.

At the same time, there is an opportunity for Iranian companies to invest independently in Syria in accordance with the country’s laws, he added.

The construction of 30,000 residential units and a number of other projects are also included in the MoU, the minister stated.

Since the outbreak of war and foreign militancy in Syria in 2011, Iran has stood by the Syrian government and supported its people against terrorist groups, including Daesh (ISIS or ISIL).

In recent months, the Syrian army has managed to liberate many of the areas occupied by terrorists and has begun the reconstruction process.

Back in January, Iranian First Vice-President Eshaq Jahangiri traveled to Syria with a 40-strong political and business delegation, during which the two sides inked 11 agreements.

In December 2018, Syrian Ambassador to Iran Adnan Mahmoud said his country gives priority to the Islamic Republic for carrying out projects in the reconstruction process of Syria after years of war.

News No: 7581
Date: 2019/11/27 - 19:24
News Source: Tasnim News Agency

MoU  Syria  Eshaq Jahangiri  terrorists  reconstruction 


Leave a Comment:


VP Urges Development of Digital Economy in Iran

Iranian First Vice President Eshaq Jahangiri called for plans to develop the infrastructures for digital economy in the country, highlighting the role that the Ministry of Information and Communications Technology plays in working towards that goal.

Iran-Syria trade seen to reach $1b by March 2021

Head of Iran-Syria Joint Chamber of Commerce Keyvan Kashefi believes that the value of Iran's trade with Syria will reach $1 billion by the next Iranian calendar year 1400 (starts on March 21, 2021).

Updated feasibility boosts economics for Copper Mountain’s Eva project

Copper Mountain Mining has improved the economics of its Eva copper project in Queensland, Australia, with an updated feasibility study showing a longer mine life, increased production and lower cash costs.

Iranian VP Urges All Economic Enterprises’ Efforts to Materialize “Surge in Production” Objectives

Iranian First Vice-President Eshaq Jahangiri underlined the need for all economic enterprises to materialize the goals pursued by the motto of the new Iranian year, “surge in production”, highlighted by the Leader in his message on the occasion of Nowruz.

Iran Slams IAEA for Heeding Unfounded Claims

Iranian Foreign Ministry Spokesman Seyed Abbas Mousavi criticized the International Atomic Energy Agency (IAEA) for its assertions regarding Iran’s nuclear activities, saying the organization should not blindly accept any unfounded claim raised against the Islamic Republic.

Spokesman: Flights from UAE to Iran to Resume Soon

Iranian Foreign Ministry Spokesman Seyed Abbas Mousavi announced on Thursday that Iranian airliners will resume flights from the UAE to the country in the near future.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners