Iran to Invest Over us$200
Million in Nicaragua
The Iranian ambassador to Nicaragua has revealed that Tehran will
invest in the Latin American country’s energy and agriculture
sectors. The investment in Nicaragua will include the construction
of a dam and a hydroelectric power station.
The Iranian investment in the country’s energy sector could pass
us$200 million, said Iranian ambassador Akbar Esmaeil-Pour.
Talks between the two countries, according to the official, may also
lead to the construction of a “multi-clinic” in Nicaragua.
“Once the Nicaragua-Iran mixed commissions reach an agreement, we
expect to have Iranian funds, officers and technicians to build the
project,” Xinhua quoted the ambassador as saying.
Iran wants to buy beef, coffee, rice and beans from Nicaragua,
Esmaeil-Pour said.
Iran also plans to build five milk factories and 10 collection
centers, which would cost $10 million, to increase milk production
in Nicaragua.
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