A significant step in regional economic collaboration was marked on Friday with the signing of a Memorandum of Understanding (MoU) between the Ports and Maritime Organization of Iran and Mwani Qatar.

The agreement, aimed at the development of Bandar-e Dayyer, was formalized through a video conference between Teymour Bashir Gonbadi, Head of the International Agreements Office at Iran's Ports and Maritime Organization, and Jabor al-Sulaiti, head of Commercial Affairs at Mwani Qatar.

Iran, Qatar sign MoU on developing Bandar-e Dayyerhttps://t.co/BPNWO4HqRD pic.twitter.com/Ts4pHO8sie

— IRNA News Agency (@IrnaEnglish) September 6, 2024

Bandar-e Dayyer, located in Iran's Bushehr Province along the Persian Gulf, plays a crucial role in regional trade and logistics.

Its strategic position near the Strait of Hormuz enhances its importance as a maritime trade hub.

Despite its operational status, Bandar-e Dayyer is in a phase of ongoing development to expand its infrastructure and capacity.

The MoU reflects the growing economic interactions between Iran and Qatar, driven by Bandar-e Dayyer's proximity to Qatar's Al Ruwais port.

The governor of Bushehr affirmed the shared interest in enhancing economic relations and leveraging the port's strategic location to boost trade and infrastructure development in the region.

Read more: Iran interim FM praises ‘positive’ ties with Qatar