Iran's industrial sector will see an increase in investments from Turkish companies, said president of Istanbul Chamber of Industry in a report.

Erdal Bahcivan, in a meeting with Iranian Minister of Communications and Information Technology Mahmoud Vaezi, pointed to the capacities of Istanbul Chamber of Industry noting that the chamber produces about 40 per cent of industrial products of Turkey, added the Iran Daily News report, citing Irna reported.

Expressing satisfaction with his meeting with Vaezi, the Turkish official added that Iran-Turkey relations is useful to ensure stability in the Muslim world.

Vaezi insisted on the importance of his country's relations with Turkey adding that Turkish companies have priority in cooperation with Iran.

Following the implementation of Joint Comprehensive Plan of Action (JCPOA), Turkish firms can have greater participation in Iran's projects.

Vaezi arrived in Istanbul on Monday to take part in the 26th Universal Postal Congress.