Tehran, July 24, IRNA – Deputy Head of Iran’s Industrial Development & Renovation Organization (IIDRO) for International Affairs Ali Araqchi and Deputy Governor of GyeongGi Kim Dong-keun signed a memorandum of understanding (MoU) to broaden mutual cooperation.

The MoU aims at facilitating cooperation in car, rail, ship manufacturing advanced technologies and new energies fields.

Iran’s Industrial Development & Renovation Organization (IDRO) known as IDRO Group was established in 1967 in Iran. IDRO Group is one of the largest companies in Iran. It is also one of the largest conglomerates in Asia.

IDRO’s objective is to develop Iran’s industry sector and to accelerate the industrialization process of the country and to export Iranian products worldwide.

Today, IDRO owns 117 subsidiaries and affiliated companies both domestically as well as internationally.

Gyeonggi-do, Korean pronunciation: is the most populous province in South Korea. Its name, Gyeonggi means ‘the area surrounding capital’.

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