TEHRAN – Iran and Bolivia signed a memorandum on Iran’s participation in 25 industrial projects, said a Ministry of Industries and Mines official here on Saturday.

Valued at $100 million, the projects belong to small industries and will be implemented in two years, Mohsen Shaterzadeh added.
Of the sum, $35 million will be financed by Bolivia and the remaining $65 million will be provided by Iran-Venezuela joint fund, he said.
According to the official, the industries of food, agricultural processing, glassware, textile, dairy, chemical, and mineral are the main fields.
The contract was signed in the presence of sides’ presidents in Bolivia.
Referring to the projects of large industries, he said that the two parties agreed to conduct projects valued at $1 billion in five years.
He said that the projects will be financed through domestic and joint investments, buyback, BOT, and BOO