Speaking to IRNA on the sidelines of a meeting with Governor General of Alborz Province, Monadi said that Kuwaiti business sector is willing to make joint venture investment in the economic development, industrial, tourism, service sector and welfare in Karaj and Alborz Province.
He said that situation of the province is unique in terms of its place helps the provincial businessmen develop lucrative business.
On the same ground, Kuwaiti commercial and economic company considers no limit to macro investment in Alborz Province and Karaj, he said.
He said that his company decided to make up to minimum 50 million dollars investment in Karaj and Alborz province.
He said that one of the projects of his company is to build a recreational center and a big shopping mull in Karaj.

Talking to reporters on the sidelines of Auto Industry Capabilities Exhibition on Sunday, he added that plans have been made to produce and market three types of automobiles ‘208’, ‘2008’, ‘301’ in cooperation with Peugeot.
Cooperation with Suzuki, Mercedes Benz, Peugeot and Renault has been finalized and Fiat has also voiced readiness to enter the Iranian market, he said, adding that in most of the deals, it has been mentioned that at least 30 percent of products should be exported.
The First Exhibition of Auto Industry Capabilities opened Sunday afternoon in a ceremony attended by Minister of Industry, Mines and Trade Mohammad Rezaa Nematzadeh.
The event featuring products of 212 Iranian companies will end on March 2.

The agreements were inked in the 3rd Iran Automotive Industry international Conference which is currently underway in Tehran.

The 3rd Iran Automotive Industry International Conference opened in Tehran on Monday.

Over 363 domestic and 138 foreign companies from 32 countries are attending the three-day event.

Yesterday, Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh opened the first Auto-making Industry Capabilities Exhibition in Tehran International Permanent Fairground.

Some 212 Iranian auto domestic companies are putting on their products in an area covering 35,000 square meters.

The exhibition would wrap up on March 2, 2016.

Head of the Department of Environment of Iran Masoumeh Ebtekar and Austrian Minister of Agriculture, Forestry, Environment and Water Management Andra Rupprechter signed the agreement.
During the signing ceremony, Majid Shafipour, the head of the Center for International and Conventions Affairs of the Department of Environment, said the two countries held negotiations on September 8 to draw up a roadmap on protection of environment.
On the areas of cooperation, he said that management of solid wastes, treatment of dangerous industrial wastes, preventing and controlling pollution of surface and undersurface waters, proper management of the country’s rivers, global warming and protecting wild life species and national parks were the main issues for protection of environment.
He said that the agreements signed today were drafted last September and will be finalized during an upcoming visit to Austria by President Hassan Rouhani.

Asghar Fakhriyeh-Kashan said that the Koreans have among Iran’s proposed projects for joint foreign investment chosen making investments in construction of hospitals and tourism centers.

The deputy minister who was elaborating on the South Korean Trade, Industries and Energy Minister Joo Hwang-wan’s Sunday meeting with the Iranian roads and rural development minister said that the Korean delegation’s visit is mainly aimed at preparing the ground for South Korean president’s visit.

‘The South Korean delegation is also here to participate in the Iranian and South Korean Economic Activists Joint Meeting,’ added the deputy minister.

He said that during the South Korean president’s visit to Iran two memoranda of understanding (MOUs) and an agreement are scheduled to be signed.

‘One of the MOUs will be signed with Hyundai for development of Iran’s railways network, including the Chabhar-Zahedan railway in the framework of a Building-Lending-Transferring (BLT) contract, or a Building-Operating-Transferring (BOT) contract and the other MOU is on cooperation in shipping field,’ he said.

Fakhriyeh-Kashan said that the South Korean side prefers long-term, infrastructure cooperation, which is approved by Iran and the issue will be pursued during the South Korean president’s visit of Iran.

Speaking in a meeting with Bank of Industry and Mines’ (BIM) chairman and the head of the board of directors Ali-Ashraf Afkhami, Lajugie said that in the wake of President Rouhani’s trip to France it is expected for both countries to start a new round of cooperation.

Afkhami said that BIM participates in financing infrastructure projects like steel, petrochemical, powerhouse and cement.

He added that necessary measures have been taken into action to act in post-sanction era.

He noted that over 100 million euro letter of credit was opened by BIM in the first day of post-sanction.

He made the remarks in a meeting of Iran-Switzerland economic activists.
Jalalpour talked about old history of relations between the two countries dating back to the 17th century.
Switzerland immediately recognized Iran’s government following victory of Islamic Revolution and developed balanced relations with the Islamic Republic of Iran over the past three decades.
He appreciated the Swiss government for hosting nuclear negotiations in Geneva, saying that the Swiss government’s support to the nuclear talks is a memory which will remain.
He explained the capacities for economic between Iran and Switzerland, calling for activation of banking relations.
Cooperation on pharmaceutical and chemical industries, tourism, technology, environment, desalination of water are among the fields for joint venture cooperation, Jalalpour said.

Project Director of Finland Trade Development Organization Luta Iroma said that Minister of Agriculture and Environment of Finland Kimmo Tiilikainen is heading for Tehran leading a Finland delegation. They will arrive in Tehran later in the day.
The Finland minister is to discuss development of export to Iran in the fields of clean technologies, renewable energy, and agricultural technology and food industries.
Iroma said that Tiilikainen will attend Tehran International Environment Exhibition 2016 and is to deliver speech in opening ceremony.
During his stay, the minister will meet with Vice-President and head of Department of Environment (DoE) Masoumeh Ebtekar and sign cooperation agreement on environment.
The Finnish official said that 18 Finland companies will attend the exhibition and present their achievements and capabilities in the field of clean technologies, among them two companies are active in food products, including dairy industry and baking sweets.
He said that some of the companies have already been in Iran and are keen on joint venture investment in Iran and some other companies intend to evaluate market and consider opportunity for joint venture cooperation.
The 15th Tehran International Environment Exhibition will kick off on Monday February 29. It will work until March 3rd.

During a two-day visit to Tehran by a high-ranking Swiss delegation, President and Economics Minister Johann Schneider-Ammann said both sides agreed a ‘road map’ for further talks on the ratification of a trade accord signed in 2005.
Notably the banking business as well as direct air links between Switzerland and Iran are to benefit from an accord.
Speaking after a meeting on Saturday with Iran’s president, Hassan Rouhani, Schneider-Ammann stressed the importance of visa facilitation for business companies.
Both leaders said it was agreed to launch a dialogue on human rights as part of planned political consultations.
Schneider-Ammann sees opportunities for Switzerland’s pharmaceutical, chemical and food industry as well the energy sector in Iran, he told the Swiss News Agency.
Sanctions lifted
The visit by the Swiss delegation comes amid efforts to encourage investment following a nuclear deal between the six world powers and Iran and the lifting of international economic sanctions.
In January, the Swiss government decided to release Iranian funds of CHF12 million ($12.1 million) frozen in Swiss bank accounts.
Switzerland has represented the interests of the United States in Iran since 1980. It has also acted as Iran’s representative to Egypt and recently accepted a diplomatic mandate to mediate between Iran and Saudi Arabia.
However, Iran is still to appoint a new ambassador to Switzerland. (swissinfo.ch)

Hamid Kargar added that the export of hand-woven Iranian carpet to China has increased from $8,000 to $8 million in the past five years.
‘During the sanctions, our presence in some traditional markets such as those in Europe weakened due to economic recession. Therefore we had to pinpoint new markets including those in Brazil, South Africa, Russia and at the top of them China,’ he elaborated in a report carried by MNA.
Citing the reasons for the shift in China’s standing from an exporter of carpets to importer, he said, ‘China’s economic reform, withdrawing from certain industries such as carpet and the newly-emerging upper-class looking for luxurious products, have created a potential market for Persian carpet in this country.’
According to Kargar, Iran’s carpet exports in the last decade averaged $500 million per year, and this figure declined to about $300m due to domestic and international issues.
Earlier this month, Kargar announced that the first shipment of Iranian hand-woven carpets has been exported to the US. He referred to the licensing of Iranian carpet exports to America as a result of JCPOA coming into force, adding, ‘Iranian hand-woven carpets have regained old and traditional markets and the first shipment of the product was dispatched to Los Angeles via the port of Hamburg.
‘We received positive exposure in the recent DOMOTEX exhibition in Germany’s Hannover, where American traders discussed, ordered and bought Iranian hand-woven products.’
The removal of sanctions would bring new hope for Iranian carpet traders to regain lost markets, he added.