Luxembourg Eager to Invest in Iran

Luxembourg’s Deputy Prime Minister Etienne Schneider, who is in Tehran with a big business delegation, expressed the European country’s willingness to invest in Iran, which he described as a gateway to the Asian markets.

In a meeting with Iran’s minister of communications and information technology, held in Tehran on Wednesday, Schneider called for stronger trade ties with Iran.

With a turnover of €3.5 trillion, Luxembourg’s Investment Fund is willing to collaborate with Iran following the removal of anti-Iran sanctions, Schneider, also the European country’s minister of economy and foreign trade, added.

Luxembourg is interested in investing in Iran, which could be the gateway to the Asian markets, he added.

Schneider also said that the two countries can cooperate in biotechnology, automotive industry and information technology.

Heading the business delegation, including representatives of 40 Luxembourger ICT companies, Schneider has held meetings with senior Iranian officials in his trip to Tehran.

(Source: Tasnim, under Creative Commons licence)

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