’Technology diplomacy’: Iran launches fiber optic plant in Venezuela
Iran’s ICT Minister Sattar Hashemi (R) and the governor of La Guaira state, José Alejandro Terán, are seen at the signing ceremony of an agreement on the establishment of a fiber optic factory in Venezuela, in September 2024. PRODU
An Iranian fiber optic factory has commenced operations in Venezuela as part of expanding the “technology diplomacy” initiative, announced the minister of information and communications technology (ICT).
During a joint meeting with members of the Plan and Budget and Accounts Committee of the Parliament on Tuesday, Sattar Hashemi highlighted the "technology diplomacy" program as one of the priorities of the ministry, adding that over the past year alone, actions have been taken to export technology to countries in the Horn of Africa, Latin America, and Russia, IRNA reported.
He expressed hope that exports in this sector would increase tenfold within the program's horizon.
The ICT minister pointed to agreements reached with Venezuela, announcing, "Based on these agreements, the Iranian fiber optic factory established in that country has recently been launched and has started its production."
Hashemi added that Iranian knowledge-based companies have also become active in Venezuela's communications infrastructure.
The Iranian fiber optic factory in Venezuela was launched with a $10 million investment. Designed to address Venezuela’s domestic demand, the plant also aims to position itself as a regional export hub for telecommunications equipment across Latin America.