iran signs 720 mln euro rail deal
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

With SKorea firm

Iran signs 720 mln euro rail deal

Arab Today, arab today

Arab Today, arab today Iran signs 720 mln euro rail deal

Iranian Rail Industries Development Company will build 300 rail buses
Tehran - Arab Today

South Korea's Hyundai Rotem signed a 720-million-euro ($856 million) deal with Iran on Saturday to manufacture 450 railbuses for suburban trains, Iranian state media reported.
The deal was signed in Tehran between Hyundai Rotem, a unit of Hyundai Motors, and Railways of Islamic Republic of Iran at a ceremony attended by Iranian Transport Minister Abbas Akhoundi.

The deal, financed by the South Korean side, will create 1,000 direct jobs and 1,700 indirect jobs in the Islamic republic, state news agency IRNA quoted Akhoundi as saying.

Iranian Rail Industries Development Company will build 300 rail buses, under Hyundai supervision, with the remaining 150 to be manufactured in South Korea, IRICO executive director Nasser Soufi told state television.

The project is to last last six years and a half with the first batch of self-propelled suburban rail buses to be "delivered in a year and a half," according to Said Mohammadzadeh, CEO for the state railways.

In August, Iran secured an eight-billion euro credit line from South Korea's Eximbank, which was the Islamic republic's biggest loan deal since its 2015 nuclear accord.

At the time a spokesman for South Korea's export credit bank said the deal would finance projects in Iran by companies from the Asian country

That deal was followed by a $10 billion credit line for Iranian banks in September from CITIC investment group, a Chinese state-owned investment firm.

Source:AFP

arabstoday
arabstoday

GMT 10:18 2017 Friday ,01 December

Hyundai IONIQ reigns supreme

GMT 14:19 2017 Wednesday ,29 November

Hyundai IONIQ reigns supreme

GMT 08:22 2017 Wednesday ,26 April

Hyundai Motor posts 21% drop
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

iran signs 720 mln euro rail deal iran signs 720 mln euro rail deal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

iran signs 720 mln euro rail deal iran signs 720 mln euro rail deal

 



GMT 11:28 2017 Saturday ,15 April

President Al-Bashir's visit to Kuwait and Bahrain

GMT 07:51 2017 Sunday ,26 November

HRH Crown Prince condoles with Egyptian President

GMT 14:35 2018 Friday ,12 October

Bahrain's media history documentation hailed

GMT 11:45 2017 Friday ,29 December

10 bodies found in mass grave in Myanmar

GMT 08:44 2016 Monday ,19 December

Hopeless Afghan struggle to save boy sex slaves

GMT 15:15 2013 Friday ,05 July

I breathe freedom in Jordan

GMT 12:55 2016 Sunday ,18 December

Kerry in likely last visit with Saudi king

GMT 05:49 2017 Wednesday ,24 May

Indian police make arrests after mobs lynch 8

GMT 12:12 2017 Sunday ,19 February

More South Sudanese officials quit unity gov't

GMT 09:25 2017 Wednesday ,09 August

Ghada Abdel Raziq prefers exciting drama

GMT 15:03 2017 Saturday ,14 October

HM King congratulates French President

GMT 22:10 2017 Wednesday ,03 May

Boosting Bahraini-Czech relations discussed

GMT 12:43 2017 Thursday ,30 November

Saudi prince freed in 'billion-dollar deal'

GMT 03:55 2017 Friday ,17 November

Al-Hilal's Eduardo looking to lead from the front

GMT 03:26 2017 Saturday ,18 November

Tesla's all-electric semi truck
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday