Iran Water, Electricity Projects Worth over $1.3bn

By John Lee.

Iranian companies are reported to be implementing water and electricity projects in Iraq worth over $1.3 billion (1.5 trillion Iraqi dinars).

According to an article from Trend, an Iranian Energy Ministry official said Iranian companies were currently working on 31 projects in Iraq in these sectors, and added that he expects more Iranian companies to invest in water and electricity projects in Iraq in the future.

The Iranian ambassador to Iraq, Hassan Danayeefar [Hassan Danae Fer] (pictured), is reported to have said in April that Iran exports 80 percent of its technical and engineering services to Iraq, and that the Iraqi market could absorb $500 billion worth of investment in that sector.

(Source: Trend)

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