"The volume of Iran's direct export to Kenya, which is $42 million now, could increase to 150 or 200 million dollars annually," Farajvand said.
The Iranian envoy pointed to the age-old relations between the two countries, and said that the volume of technical and engineering services export to Kenya is $20 million which could reach $1 billion per year with government's support.
Farajvand reiterated that one of Iran's needs is to boost investment in Kenya by setting up a finance line in a bid to enable the Iranian businessmen to be persuaded to export their goods to Kenya.
In relevant remarks in late September, Iranian Oil Minister Bijan Zangeneh said that Iran and Kenya can cooperate in oil and oil products' supply.
"We can cooperate with each other in various sectors, like supply of oil and oil products," Zangeneh told Kenyan parliament speaker Justin Bedan Njoka Muturi.
He said better conditions have been provided for the expansion of Iran-Kenya cooperation following elimination of sanctions.
Zangeneh added that cooperation with Africa is a priority of Iran's foreign policy.
He expressed hope for expansion of bilateral relations.