Will Iran make investments in the construction industry

Armenia’s Minister of Urban Development, Narek Sargsyan, received on July 26 Iranian Ambassador to Armenia Mohammad Reisi.

The Iranian diplomat thanked Narek Sargsyan for the reception and congratulated him on his appointment as Minister of Urban Development of Armenia.

Mohammad Reisi noted that although there are clearly defined provisions within the framework of Armenian-Iranian intergovernmental commissions, and for cooperation between the two countries in the domain of urban development, tangible results have not been recorded yet.

Narek Sargsyan said, in turn, that the cooperation will yield results solely if there are mutual interests. He specifically underscored the need for cooperation in the domain of new construction technologies. He expressed confidence that, shortly thereafter, there will be specific projects in terms of investments, science, education, and new technologies.

Ambassador Mohammad Reisi conveyed the greetings of Iranian Roads and Urban Development Ministers, and stressed Iran’s willingness to collaborate in the sector of urban development.