Young Journalists Club | Latest news of Iran and world

News ID: 45252
Iran » Iran
Publish Date: 19:35 - 22 February 2020
Tehran 22 February _A deal has been signed between the Khatam-al Anbiya Construction Headquarters and the Isfahan Steel Company for the production of 5000 tons of railway lines as Tehran eyes to reduce dependency on foreign companies and cut dollar-related expenditures.

Iranian companies ink 5,000-ton rail deal in blow to US sanctionsTEHRAN, Young Journalists Club(YJC)-The deal was inked on Saturday during an exhibition of Iranian technological and engineering capabilities hosted by Khatam-al Anbiya in Tehran.

About 500 Iranian companies are taking part in the event. The deal is the first phase of a project seeking to provide railway lines for Iran’s Chabahar-Zahedan railway project.

Iran, situated in a strategic regional trade intersection hub, has sought to work with various countries such as Italy, France, Russia and China to further develop its expansive network of railway lines.

Many of these joint projects have not produced expected results or abandoned by their respective foreign partners largely due to Washington’s unilateral bans.

The deal was inked on Saturday during an exhibition of Iranian technological and engineering capabilities hosted by Khatam-al Anbiya in Tehran.

About 500 Iranian companies are taking part in the event. The deal is the first phase of a project seeking to provide railway lines for Iran’s Chabahar-Zahedan railway project.

Iran, situated in a strategic regional trade intersection hub, has sought to work with various countries such as Italy, France, Russia and China to further develop its expansive network of railway lines.

Many of these joint projects have not produced expected results or abandoned by their respective foreign partners largely due to Washington’s unilateral bans.

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