President Park Signs Agreements with Iran that Could Lead to Major Construction Projects

Well it looks like it was worth President Park wearing a headscarf during her trip to Iran because she was able to sign a number of agreements that could lead to multi-billion dollar construction projects in Iran:

President Park Geun-hye said Tuesday South Korea and Iran can produce a win-win situation if they work together in infrastructure projects in the Islamic Republic.  Iran is pushing to rebuild an economy and modernize its infrastructure after the U.N. lifted sanctions in a follow-up to a landmark deal reached with the United States and five world powers over Tehran’s disputed nuclear program.

 

“I am here to pursue the path of common prosperity with old friend Iran,” Park said in a forum attended by some 450 South Korean and Iranian business executives and leaders in the Iranian capital.  On Monday, Park and her Iranian counterpart Hassan Rouhani observed the signing of nearly 20 out of 66 memorandums of understanding worth up to US$45.6 billion after their summit.  Seoul hopes the MOUs could pave the way for South Korean companies to eventually win massive infrastructure projects under way in Iran.  [Yonhap]

You can read more at the link.