Iran Saipa and Proton Malaysia JV
- Filed under: Automotive Market, Proton
- Date: Jul 29,2008
- Tags: Iran, joint venture, JV, malaysia, Proton, Saipa
Iran’s Saipa and Malaysia’s Proton signed an MoU on cooperation in the presence of Iran’s Industries and Mines Minister Ali Akbar Mehrabian, IRNA reported.
The MoU obliges the two companies to initiate a unified strategy in design, development, marketing, sales, joint investment, using financial capabilities, as well as export and supply networks of one another.
“One of the Islamic Republic of Iran’s main strategies is promotion of ties, especially with Muslim countries,” Mehrabian said, naming Malaysia a leading Muslim country in science and technology.
The minister noted that of the 56 Muslim countries, Iran, Malaysia and Turkey are best situated to produce cars.
Taking advantage of the Muslim countries’ huge market has been underlined in the recent meeting of the Organization of Islamic Conference.
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