South Korea to finance the construction of 450 rail bus wagons which are to be constructed by Hyundai Rotem and Iranian IRICO. The contract, which was signed on Monday, is valued at 700 million euros. Abrar-e-Eghtesadi writes, Iran has signed another contract with South Korea to purchase 150 other wagons, the first 50 of which are underway. The Minister of Roads and Urbanization has said that the manufacture of 450 wagons will take 6.5 years. This project is expected to provide direct employment for 1000 people and indirect employment for 1700 people. Based on numbers from the Islamic Republic Iran Railways, by the end of 2013, 25 million people were transported via railway and Iran plans to increase its rail capacity to 160 passengers by 2025.
In the last 11 years, more than 190 billion dollars of capital have left Iran. More than one-fifth of this sum left the country in the past two years. All the while, Iran has been […]
In a meeting with a German Commercial Delegation visiting the city of Tabriz, the Chairman of the Tabriz Chamber of Commerce, Samad Hassanzadeh, mentioned Tabriz as the Capital of Tourism in Islamic Countries in the […]
Recently Iranian hotels apply a two-currency policy for their bookings; i.e. the Iranian travelers pay in rial, while the foreigners are asked to pay in dollar or euro. Hotel owners claim that following fluctuations in […]