Iran-Egypt to produce cars: Development from the D-8 Automotive Sector
Cairo, Egypt | December 12, 2007 by
Iranian Minister of Industries and Mines, Ali-Akbar Mehrabian, has announced that the production line for Peugeot Pars, a sedan made by Iranian automaker Iran Khodro, would soon be launched in Egypt, reported the Iranian News Agency IRNA.
Mehrabian, who arrived in the Egyptian capital Cairo on a three-day visit earlier this month said that about 5,000 Peugeot Pars sedans are to be manufactured per year in Cairo in the first phase.
He underlined that if the demand for Peugeot Pars gains increases in the Egyptian market and conditions improve for expanding Iran’s car market, the production line for other Iranian models would also be set up in Egypt.
The minister hoped that mutual cooperation in cement, power and textile industries would be possible and the private sectors of the two nations would also become involved.
He undertook the trip to conduct official negotiations with Egyptian officials.
Mehrabian said that he was invited by his Egyptian counterpart Rasheed Mohammed Rasheed. He pointed out that he would convey the message of peace and unity of the Iranians to the Egyptians, expressing hope that a new base could be built for mutual commercial and industrial cooperation.
He said that the two nations, with deep cultural and historical roots, have many fields for cooperation.
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