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Iran allocates large fund for economic ties with Africa

TEHRAN, Nov. 21 (Mehr News Agency) - Iran's Chamber of Commerce, Industries and Mines (ICCIM) head said here on Wednesday that the government has earmarked a remarkable budget for boosting economic ties with African countries.

Talking to MNA, Mohammad Nahavandian announced that Iranian companies are to conduct housing projects in Tanzania, adding the construction of inexpensive houses helps reinforce bilateral relations.

Pointing to the sides' great potentials for joint ventures, he added that agriculture and food industries and investment in Tanzania's mines especially gold mines are the main fields for cooperation.

Paying a visit to ICCIM, Tanzanian Vice President Ali Mohamed Shein called for Iranian investors' presence in his country's economic projects.

"The chamber plays a great role in encouraging the investors for getting involved in the projects," he said, accentuating on mutual ties' expansion.

Putting his country's economic growth at 2-5 percent in the past 10 years, the Tanzanian official added that the figure touched 8 percent in 2007, making the country a proper land for investment.

He pointed to the fertile lands, gold mines, coal and gas reserves, and tourist attractions as the areas for investment in his country.

... Payvand News - 11/21/07 ... --

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