Iranian President Ebrahim Raisi has completed a three-nation African tour and signed 12 memorandums of understanding (MOUs) with Zimbabwe as he met with the African nation's President Emmerson Mnangagwa in its capital Harare.
Among the 12 MOUs, there are plans to establish a tractor manufacturing facility in Zimbabwe with a local partner and an Iranian enterprise, reports say.
Additionally, the two nations agreed to cooperate on initiatives in the fields of research, science, and technology as well as energy, agriculture, pharmaceuticals, and telecommunications.
"We welcome investments in a number of sectors of our economy," Mnangagwa told media following the signing ceremony.
According to the Zimbabwean president, the agreements will make it easier for the African country to use Iranian innovation and technologies.
Raisi, in turn, declared that Iran would make a significant effort to develop stronger economic links, in the face of the sanctions against the two nations imposed by the US.
He also called Africa "the continent of capacities and potentials" and said that deeper collaboration would help "the advancement" of both sides.
Nasser Kanani, a spokesman for the Iranian Foreign Ministry, called Raisi's continental journey "a new turning point" that would strengthen commercial and trade ties with African countries.
According to the ministry, the country's trade with Africa would reach more than $2 billion this year.
Following a trip to three Latin American nations in June that were also subject to US sanctions, Raisi made his first trip to Africa, visiting Uganda, Kenya and Zimbabwe.