24 July 2016 - 13:55
  • News Code: 265587
S. Korea to Invest in Hormuzgan Oil Terminals

TEHRAN, July 24 (SHANA) – Korean investors are eager to invest in Iranian oil terminals, solar power plants, synthetic cycle power plants and establishment of ports in Hormuzgan Province.

Governor General of Hormuzgan Province Jassem Jadori said for the first time, the investors will make $96 million investment in mining sector in the province.

Jadori said a Memorandum of Understanding (MoU) was for the first time signed by private sector in Hormuzgan Province and South Korean investors based on which a joint Iranian Korean companies will be registered in the next two months to follow up South Korean investment in Hormuzgan Province.

News Code 265587

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