Mohammad Ali Aziz-Mohammadi told reporters on Saturday that the construction operation of these projects started a few years ago and their completion needs €700 million.
These steel and mining projects have witnessed good physical progress in the current administration, he stated.
He further noted that the construction operations of two industrial projects are also underway overseas with the aim of cementing the country’s relations with the neighboring states and promoting the economic diplomacy of the country.
Aziz-Mohammadi also said 20 companies are subsidiaries to the Iran International Engineering Company which was established in 1975 with the aim of transferring technical know-how of manufacturing industrial factories in the field of producing steel products.
Running under the strict supervision of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and benefiting from the world’s cutting-edge technologies, the company offers technical and engineering services taking advantage of the cooperation of 1,100 manpower in various fields, he stated.
Sanctions imposed against the country have not created any impediments to the production activity of the company, he went on to say.