Two companies named Denali and Fata have made their proposals for 4 billion Euros investment in two industries in Iran including Steel and Aluminum.

John Pietro Benedetti,Managing director of Denali, has just met Iran's ministers and called for expansion of bilateral ties in variety of fields such as mines.

The mentioned companies are planning to create a joint venture and invest in a 3 million ton sponge aluminum and a 6.5 million to iron ore.

The Italian sides are considering to invest 60 percent and Iran's Ministery of Industries, Mines and Trade 40 percent.