Iran Economy NewsHema, Iran Khodro say to sign 200 mln euro...

Hema, Iran Khodro say to sign 200 mln euro deal

-

Reuters: Iranian carmaker Iran Khodro and Turkey’s Hema Endustri are set to sign a deal worth 200 million euro ($262 million) to build two automotive factories, company officials told Reuters on Thursday.

ISTANBUL, Sept 16 (Reuters) – Iranian carmaker Iran Khodro and Turkey’s Hema Endustri are set to sign a deal worth 200 million euro ($262 million) to build two automotive factories, company officials told Reuters on Thursday.

They said the memorandum of agreement could be signed in Iran in two weeks. One factory would make brakes and the other steering wheels and they would be built in a free-trade zone on the Iranian border. (Reporting by Evrim Ergin; Editing by Simon Cameron-Moore)

Latest news

Snapback Sanctions, a Must Response to Iran’s Human Rights Abuse and JCPOA Violations

The protests in Iran have been going on for more than two months, even though the regime is cracking...

Growing Disintegration Among Iran Regime’s Forces

Iran has been shaken by a wave of nationwide protests since mid-September. The trigger was the death of the...

Grim Tidings for Iran’s Regime After Approval of UN Fact-Finding Mission

After many discussions and debates, the United Nations Human Rights Council has approved a fact-finding mission to investigate the...

Iranian People’s Resistance Changed the Appeasement Policy

Soon after the new US government started its obligations in January 2021, hand in hand with the European governments...

Khamenei’s Disgraceful Campaign Against Piranshahr and Javanrud, Who Will Be the Loser?

On the 67th day of Iran’s revolution, the Iranian regime attempted to put a halt to the protests in...

Iran: Expensive Medicine, Cheap Human Life

A look at the equipment and weapons that the Iranian regime has been using against its people to suppress...

Must read

Iran’s judiciary summons 4-year-old to court

Iran Focus: Tehran, Iran, Nov. 13 – Iran’s hard-line...

G8 foreign ministers deplore Iran violence

UPI: The Group of Eight foreign ministers harshly condemned...

You might also likeRELATED
Recommended to you