Foreign states to allocate 30 bln USD of credit line to Iran: official

Source: Xinhua| 2017-08-30 02:39:14|Editor: yan
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TEHRAN, Aug. 29 (Xinhua) -- Iran will attract 30 billion U.S. dollars in credit from four foreign countries in the near future, an Iranian economic official was quoted as saying by Press TV on Tuesday.

The finance deals are expected to be clinched soon, said Mohammad Khazaei, the head of the Organization for Investment, Economic and Technical Assistance of Iran.

Deals worth up to 30 billion dollars will be signed with Austria, Denmark, Italy and Japan in less than a month, Khazaei said at the 28th Annual Islamic Banking Conference held in Iran's capital Tehran.

Last week, Iran signed its biggest credit line deal in recent years with South Korea's Eximbank.

The deal envisages as much as 8 billion euros (9.6 billion dollars) in loans to finance various projects in Iran provided by South Korean companies.

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