MILAN: An Italian construction group said on Tuesday it had signed a preliminary agreement with Iran to build five hospitals, just after the lifting of economic sanctions against Tehran in a deal over its nuclear program.
Pessina Costruzioni will build the first three 1,000-bed hospitals in Tehran.
Two other 500-bed facilities will be provided in Rasht and Nishapur.
Italian industries have high hopes following the lifting of sanctions against Iran on Saturday after the nuclear deal took effect.
In November, deputy economic development minister Carlo Calenda led a large business delegation to Tehran representing 178 companies, 20 business associations and 12 banking groups.
“Italy was Iran’s leading economic and trade partner before the sanctions,” Italian economic development minister Federica Guidi stressed a few months ago, seeking to ensure her country regains that position.
Before the sanctions took effect, trade between the two countries amounted to 7.0 billion euros ($7.7 billion), compared with about 1.6 billion euros at present, including 1.2 billion in Italian exports.