An agreement to build Venezuela's first optical fiber cable plant was signed by the authorities of Venezuela and Iran, Prensa Latina informed on November 3. By mid-2025, Venezuela is expected to have “a new technological company with exporting vocation,” Meléndez announced Venezuelan and Iranian authorities announced this weekend the signing of an agreement to build a fiber optic factory in the South American country, more specifically in La Guaira, a. The new plant, named Venefibra, represents an effort in the pursuit of technological sovereignty and economic diversification. As part of the bilateral cooperation between Venezuela and Iran, this week a shipment of materials and supplies. The governor of La Guaira state, José Alejandro Terán, and the minister of Information Technology of Iran, Seyed Sattar Hashemi, at the signing of agreement on the establishment of a fibre optic factory in Venezuela, September 2024. Venezuela has received a significant boost to its. Home Economist Venezuela and Iran agree to begin installation of fiber optic factory in. He highlighted that the project will generate new sources of employment, diversification of exports and new technological inputs for the country.