Tehran and Baghdad agreed on designing and building industrial townships in some Iraqi provinces.
The agreement was reached in a meeting between Iranian Industry Minister Mohammad Reza Nematzadeh with his Iraqi counterpart Mohammad Shiya al-Sudani in Baghdad.
“Industrial townships will provide the opportunity for the Iraqi investors to invest in these regions,” Nematzadeh said during the meeting with al-Sudani in Baghdad.
He said that there a total of 750 industrial townships where over 40,000 industrial and producing units are active, adding, “We are ready to build several sample industrial townships in this regard in Iraq.”
The Iranian industry minister also voiced his country’s willingness to invest in industrial and technological areas as well as supplying of manufacturing machinery in Iraq.
The Iraqi industry minister, for his part, said that construction of industrial townships is among priorities of the Iraqi industry and mining ministry.
“Given Iran’s experiences in building in construction of such townships Iraqi is willing to cooperate with Iran in this fields,” al-Sudani added.