Templates by BIGtheme NET
Home » Finance » Siemens signs Iran rail deals
Siemens signs Iran rail deals

Siemens signs Iran rail deals

FRANKFURT: Siemens has signed deals to work on Iran’s railway infrastructure as it anticipates the lifting of Western economic sanctions against Tehran following a nuclear deal reached last year.

“After the sanctions are lifted, Siemens and Iran intend to engage in talks on improving infrastructure in the rail sector,” a Siemens spokesman said, declining to give further details about a memorandum of understanding (MoU) which was signed.

Any of the agreements will only take effect after the sanctions have been lifted.

For decades, Germany was Iran’s biggest European trading partner.

German exports to Iran were valued at 4.7 billion euros ($5.1bn) in 2010 but have fallen as the West tightened sanctions imposed over Iran’s nuclear programme.

Courtesy : Dawn News



Share On Facebook
Share On Twitter
Share On Google Plus
Share On Linkdin
Contact us
Please Like Facebook Fan Page
By Liking facebook Page you are Updated about Latest Videos & News