“Iran’s investment in the oil and gas sectors will amount to $350 billion over the next ten years,” Davoudi said in a meeting with Tanzanian investors and businessmen in Dar es Salaam on May 12, 2009.
Iran’s economic development has encouraged Western banks to ask consent to launch branches in Iran, he added.
Davoudi arrived in Tanzania on May 11, 2009 on the second leg of his African tour, which also took him to South Africa.
