News

A look at major deals signed in Iran after nuclear accord

TEHRAN, Iran – Iran Air has signed an agreement to buy aircraft from Chicago-based Boeing Co., the first major American company to make a deal in the Islamic Republic since the last year’s landmark nuclear agreement, which lifted international sanctions.

Here’s a look at other major deals signed since the agreement was reached with world powers:

AIRBUS

The European aircraft manufacturer sold 118 planes to Iran, a deal estimated to be worth $25 billion.

___

ATR

The French-Italian aircraft manufacturer sold 20 ATR 72-600 passenger planes to Iran Air, a deal Iran’s private Donya-e Eghtesad daily newspaper described as being worth over $1 billion.

___

DANIELI GROUP

The Italian metals industry concern signed $6.2 billion in deals to supply machinery and install steel and aluminum plants in Iran.

___

GAVIO

The Italian construction and infrastructure group signed agreements worth up to $4.5 billion for projects including railways.

___

PEUGEOT-CITROEN

The French carmaker on Tuesday finalized a joint venture agreement expected to invest up to $450 million over the next five years in manufacturing and research efforts in Iran.

___

SIEMENS

The German company signed a memorandum of understanding to provide $1.6 billion in transportation equipment and services to Iran.