Iran is expected to launch its second trade center in overseas markets by February, says an Iranian economic official.

Hamid Zadboum, an official with the Trade Promotion Organization of Iran, said the center would become operational on January 26, 2010 in Oman.

In November 2009, Iran opened its first overseas-based commercial center in Shanghai.

Zadboum added that some 60 Iranian companies would operate from the proposed center located in the Persian Gulf littoral state of Oman.

The Iranian government has allocated one billion dollars in loans to set up 20 trade centers across the world.

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