TEHRAN - Iran's Ports and Maritime Organization (PMO) and the National Investments Agency of Kyrgyzstan approved a memorandum of understanding (MOU) for the development of the southern ports of Iran.

It was approved during an online meeting, Director General of Transit, Logistics and Agreements of the PMO Kazem Salehi said.

In the virtual meeting, the two sides reviewed and approved the contents of the MOU regarding the participation of Kyrgyzstan's private sector in the southern ports of Iran.

The draft of the aforementioned MOU will be signed by the parties during a visit by a Kyrgyz delegation to Tehran in the near future, Salehi added.

By signing this MOU, the two countries will participate in the establishment of joint logistics centers in Iran's port hinterland, which will boost the trade relations between two countries. 

Salehi said that facilitation and promotion of regional transit through multi-modal transport is necessary and the PMO welcomes the presence of neighboring countries, especially Central Asian countries, in the infrastructure projects of Iran's ports, the website of Iran's Ministry of Transport and Urban Development (MRUD) reported.

The National Investments Agency is a governmental agency in Kyrgyzstan for promoting foreign investments and assisting international companies in finding business opportunities.

EF/MA