Iran to collaborate with Armenia on $3 billion projects

YEREVAN, SEPTEMBER 6, ARMENPRESS.The leadership of the Islamic Republic of Iran has planned collaboration with Armenia amounting to approximately $3 billion, said Iran's Ambassador Extraordinary and Plenipotentiary to Armenia, Mehdi Sobhani, while speaking about the existing potential for economic cooperation between the two countries and future planned projects.

"We have great potential for cooperation between our countries. The fields in which we already collaborate can serve as a strong foundation for the further development of commercial, political, and economic relations between Armenia and Iran," the Ambassador said.

He added that Iran has considerable experience in road construction, particularly in bridge construction, and in the construction sector in general.

"Iran's leadership has planned cooperation with Armenia amounting to approximately $3 billion, and we are confident that we will move in that direction. We are determined to utilize all available potential," said Sobhani, noting that Iran supports Armenia  and we will continue to do so.

Iran's Ambassador expressed his belief that a very bright future awaits the relations between Yerevan and Tehran.