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UAE firms bag Iran deals

posted on 19/06/2001: 706 views

The UAE establishments participating in the First UAE Trade Exhibition in Teheran have bagged a number of deals from the Iranian private sector, with EMAAR Properties close to landing a Dh18 million deal with some Iranian businessmen, and the Dubai Airport Free Zone signing a contract with Iran's largest mobile phones distributor to set up a logistic unit in DAFZ. Yousef Vejdandar, Chairman and Managing Director of Faran Telecommunication Co, distributor of Alcatel in Iran, said his company was looking at Dubai as one of the important commercial centres for its imports to transit through. He said the company already imports Dh55 million worth of Alcatel units from France to Dubai and re-export these to Iran after paying 4 per cent taxes.

DAFZA's Hadef Al Shamsi said more discussions with Iranian businessmen are progressing and some more deals are expected to be finalised. Iran is a growing market especially in industrial sector and the country is exploring new export destinations for its products, he added. EMAAR Properties representatives said a Dh18 million deal for six flats and four plots in Dubai's Marina and Emirates Hills projects are about to be finalised. "We are quite satisfied with the response from Iranians to the project, Mansour Al Othaimin, EMAAR's director of sales said.

Four Iranian companies including tyre manufacturers, airconditioner producers and oil pipeline dealers have approached Dubai's Free Zone Corporation seeking to operate from the free zone. Other deals finalised at the fair include two contracts by Al Sadaf & Travels and Tour Agency with Iran Air and four other tours agencies.(The Khaleej Times)


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