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EghtesadOnline: Iran Airports Company has signed a multilateral memorandum of understanding with German companies for expansion of Iranian airports.

The agreement was signed with Munich Airports, Frankfurt Airport and Dornier Consulting International GmbH, which is a consulting and project management company that operates in the field of aviation, among other sectors, IRNA reported.

The MoU concerns airport operations management, airport development, navigation infrastructures and consultation regarding commercialization of the airports.

“This MoU gives us the opportunity to use German companies’ experience to modernize Iranian airports, equipment and facilities; train human resources and finance airport infrastructure development projects,” said CEO of the Iranian company, Rahmatollah Mahabadi.

According to the official, Iran is planning to overhaul all its airport equipment to enhance safety and security level, Financial Tribune reported.

Iran’s airport equipment is mostly dilapidated, which in turn is increasing maintenance costs for airports.

Iran airports Iran-Germany cooperation