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News number: 8901171228

16:06 | 2010-04-06

Economy

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Iran to Build Cement, Asphalt Plant in Comoros

TEHRAN (FNA)- Iran intends to construct cement and asphalt producing plants in the South African state of Comoros, an Iranian envoy announced on Tuesday.



"We are transferring cement and asphalt plants to the country," Iran's Economic Attaché in Comoros Jalil Makinechi said at a news conference on the expansion of Iran's investments on the Comoros Islands.

Highlighting capabilities and potentials of the Islands for foreign investment and economic activities, he pointed out that Comoros can serve as a bridge for transporting Iranian goods and products to the other countries by air and sea.

Makinechi further reminded the unique advantages granted to Iran for trade with Comoros, and said the country enjoys "abundant potentials for investment in the fields of fishery, power plant construction, establishment of various plants, agricultural and tourism activities".

He noted that the popularity of President Mahmoud Ahmadinejad in Comoros has further paved the way for the Iranians to promote investment in the country.

Makinechi also reminded that a number of Arab and European countries are investing in Comoros and Arab states, such as Kuwait, Qatar and the UAE have already guaranteed $3 bln of investment in the African country.