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Siemens to sign rail deal with Iran

TEHRAN, October 19, 2016

German engineering giant Siemens revealed that it is preparing to sign a major deal with Iran to develop the country's railway system, said a report.

Top Siemens officials will arrive in Tehran on Friday to discuss the deal which is expected to be worth over €2 billion ($2.25 billion), added the Iran Daily News report, citing Reuters.

The deal will involve an order for track technology and Ice 3 trains — a model of intercity train in use in Germany, it said.

Germany's Transport Minister Alexander Dobrindt is also expected in Tehran on Friday.

Dobrindt is expected to discuss the expansion of mutual cooperation over a variety of areas.  He will head a major trade delegation, added the report.
 




Tags: | Iran | Siemens | Rail | deal |

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