Updated at 14:03,08-08-2022

Outlaw firms from Iran go to Belarusian market


Tehran Housing Investment company, which is subject to the US sanctions, have plans to establish a foothold in the Belarusian market.

Ihar Voitau, the head of the State Science and Technology Committee, and head of the Iranian company Seyed Ahmad Moghimi, discussed issues of cooperation in science, technologies and investments, including investment conditions the housing, utilities and industrial construction and creating joint companies.

Seyed Ahmad Moghimi noted that besides being an active player in the Iranian domestic construction market, Tehran Housing Investment company enters other countries' markets and constructs residential houses, residential estates, commercial, administrative and cultural facilities. According to him, the company also deals with investment projects and renders financial services apart from technical and engineering services in the construction sector.

"Very good relations on the highest level were established between our countries. We hope Tehran Housing Investment company will establish a firm foothold in the Belarusian market and work for the benefit of both countries," Seyed Ahmad Moghimi said.

Ihar Voitau spoke about the most important projects of the Innovation Development State Programme of Belarus for 2011-2015 and the projects available for foreign investors. These are projects in mechanical engineering, medicine, pharmacy, new materials, biotechnologies, information and communication technologies. The company representatives showed particular interest in projects in the construction and mechanical engineering sectors, in particular tower cranes, loading machines and lifting equipment. Iran is ready to cooperate in these directions and set up joint enterprises.

Representatives of Tehran Housing Investment company are expected to have a number meetings in the Minsk city executive committee, the Ministry of Construction and Architecture, Minskproject company, Belgosproject Institute, Minskgrado company, and in the executives committees of Mahilou, Homel, Vitebsk, Brest and Hrodna regions.

Tehran Housing Investment company was founded by Iranian Maskan Bank, which has been under the sanctions of the US Treasury Department since 2007.