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Iran to Help Venezuela Build Airport, Tourism Complex.

TEHRAN (FNA)- An Iranian company has signed a memorandum of understanding (MoU) with the Venezuelan government to build an airport and a tourism complex in two intact islands of the Latin American country.

The Venezuelan government has commissioned Iran's Tabriz Tarasazeh Company to construct the airport and tourism complex in Margarita Island and another island.

The MoU was signed in a ceremony attended by Venezuelan President Nicolas Maduro and Tourism Minister Marleny Contreras in Margarita Island on Wednesday.

Tabriz Tarasazeh Company has constructed three factories in Venezuela.

Margarita is one of Venezuela's tourism resorts and it hosts a large number of tourists both from inside and outside Venezuela.

In mid-April, Iranian First Vice President Eshaq Jahangiri said when it comes to Iran-Venezuela ties, the sky is the limit.

He made the remarks in a meeting with Venezuelan Vice President for Economy Miguel Perez Abad in Tehran.

He said relations between Tehran and Caracas are strategic, adding that post-sanction Iran is ready to share its experiences with Venezuela on how best to deal with the US-led trade sanctions and restrictions.

Jahangiri said despite low prices, Iran will continue to boost oil production volume until it regains its pre-sanction market position.

Perez Abad, for his part, said it is past time for the two sides to form the joint economic commission in order to implement all the existing trade and economic deals.

He said the nuclear deal between Tehran and the world powers put on display the lies the West had said about the peaceful nature of Iran's nuclear program, adding that his country recognizes Iran's right to boost oil production output.

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Publication:FARS News Agency
Geographic Code:3VENE
Date:May 11, 2016
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