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)
