As per the MoU, the two sides are committed to expand bilateral ties in transit, transportation, logistics and tourism arenas, IRNA reported.

The MoU was signed on the sidelines of the second international conference on introducing investment opportunities and sustainable development in Makran coast, the coastal strip of Makran in southeastern Iran.

The two-day event, inaugurated in Tehran on Sunday, was attended by military officials, 120 foreign guests, 30 ambassadors and scores of experts and economic managers.