(MENAFN) By localizing the equipment in some industries including oil and gas within 5 years, Khatam-al Anbiya Construction Headquarters has saved Iran over USD7 billion.
"Despite sanctions imposed against the country, competent domestic companies managed to cut dependency on foreign companies especially in oil and gas industries," according to Commander of Khatam al-Anbiya Construction Headquarters Saeid Mohammad.
He also said that, "the Headquarters, in cooperation with the private sector, succeeded in indigenizing more than 70 percent of large industries including steel and copper in sanctions period."
He added that, in this exhibition, Khatam-al Anbiya Construction Headquarters and Esfahan Steel Company (ESC) have signed a deal in the field of manufacturing national rail.
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