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Azerbaijan, Iran to launch joint automobile plant in March


Azerbaijan and Iran will launch joint automobile plant in March, Director General of Iran Khodro Hashem Yekezare told APA’s Tehran bureau.

 

‘Iran owns 25%, Azerbaijan 5% in the company. The company will assemble Rana and Dena cars’, he said.

 

Hashem Yekezare noted that if Azerbaijani side make investment in the plant, it will also produce spare part.

 

The plant will operate in Neftchala Industrial District. 

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