Tag Archives | Industrial Development & Renovation Organization of Iran (IDRO)

Iran, Germany to build 2000 Rail Cars

By John Lee. The Industrial Development & Renovation Organization of Iran (IDRO) plans to build 2,000 railway wagons jointly with a German company, according to AzerNews. IRNA News quotes IDRO executive Fardad Daliri as saying that Iran’s investment in the construction of the wagons will amount to 55 percent and they will be used in […]

Renault steps up Business in Iran, forms new JV

Renault announced on Friday that an agreement has been signed for the creation of a joint venture with the Industrial Development & Renovation Organization of Iran (IDRO). Renault will be the majority shareholder. “The Iranian government wants to attract foreign investment in the Iranian car industry to bring competitive new products benefiting Iranian customers with […]

Iran closer to rolling out new oil project contracts

By Alireza Ramezani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Dispute remains ongoing over whether parliamentary approval is required for the Iran Petroleum Contract (IPC), a new oil and gas contract model rolled out by the government for upstream projects. Conservative lawmakers want to […]

IDRO, Hyundai sign Cooperation Document

The Industrial Development and Renovation Organization of Iran (IDRO), a conglomerate active throughout Iran’s economy, and South Korea’s Hyundai Motor have signed a cooperation agreement. Masoud Golshenas, an official with IDRO, said the Iranian conglomerate and Hyundai Motor inked the cooperation document after holding intensive talks. He added that the two companies will implement joint […]

German Firm in talks on Solar Panel Plant

Iran is progressing with its strategic plan to diversify the country’s energy resources by increasing the share of renewable energies in the country’s energy mix, putting major emphasis on technology ownership and highest degree of localization. The Industrial Development & Renovation Organization of Iran (IDRO) and Germany’s SCHMID Group now start a collaboration to establish […]

Alstom signs Transport MoU with Iran

France’s Alstom has signed a Memorandum of Understanding (MoU) with the Industrial Development & Renovation Organization of Iran (IDRO) to develop industrial cooperation with Iran in the field of mainline and urban transport. The signature took place in Paris on 27 January, 2016, in the presence of Mohammad Reza Nematzadeh, Iranian Minister of Industry, Dr. […]

Fincantieri Lands Several Iranian Contracts

In the presence of the Prime Minister Matteo Renzi and the President of Iran Hassan Rouhani – on an official visit in Italy – Fincantieri, one of the world’s most important shipbuilding groups, has signed a number of framework agreements with some primary Iranian companies. These preliminary understandings are prior to the accomplishment of several […]