Xinhua-- Iran's parliament speaker said that his country welcomes investment from Turkey in the oil and gas industry, Tasnim news agency reported on Tuesday.

Economic activists from the neighboring state could also seize the opportunities available in Iran's railroad and aviation sectors, Ali Larijani said.

Larijani made the remarks in a meeting with his Turkish counterpart.

Calling for efforts to increase the value of trade exchange between Tehran and Ankara, Larijani said the two Muslim neighbors could also work on many projects in the road construction as well as pharmaceutical and hospitality industries.

For his part, Speaker of the Grand National Assembly of Turkey Ismail Kahraman stressed the need for close coordination between Iran and Turkey on regional issues, saying mutual cooperation would keep preventing terrorist groups from reaching their objectives across the region.