The Iranian Minister of Economic Affairs and Finance said the Islamic Republic of Iran is ready to transfer its know-how in biotechnology, nanotechnology, pharmaceutical industries, medical equipment, power plant, and catalysts for the oil industry to the members of the Islamic Development Bank and Islamic countries.

Iran PressMiddle East: Ehsan Khandouzi arrived at Jeddah Airport on Thursday to participate in the annual meeting of the Islamic Development Bank (IsDB).

According to Shada, the Minister of Economy, in an interview with Forbes magazine, said that Iran emphasizes using the capabilities of the member countries of the Islamic Development Bank.

"Considering Iran's achievements and capabilities in biotechnology and nanotechnology, pharmaceutical industries, medical equipment, power plant equipment, and manufacturing catalysts for the oil industry, these developments should be available to other bank members and Islamic countries," noted Ehsan Khandouzi.

In an interview with Al-Sharq, he also stated: "The development of economic relations and interactions between Iran and Saudi Arabia is a win-win deal and it will also increase trade and investment opportunities between the two countries.

Tehran- Riyadh deal will also benefit not only the two countries but also all the countries in the region, the minister highlighted.

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