Iran plans to invest $500 mn in the construction of a cement factory in Tajikistan with an annual production capacity of nearly 2 mt. "A seven-member delegation of the Islamic Republic of Iran’s economic experts, including legal experts, investors and technical experts of Lian Kavan Kania company, are in the Republic of Tajikistan to find out Tajikistan’s cement production potentials and capacities," said Abbas Bayani, an economic expert at Iran’s embassy in Dushanbe. The negotiations between the Iranian and Tajik officials on building the factory started two years ago and the final agreements will be made in the near
future, Bayani added. Iran and Tajikistan have recently accelerated expansion of their ties and cooperation and fast tracking the building of the cement plant a result of the efforts made by the officials from both sides.