The deal was done today during the state visit to France of Iranian President, Hassan Rouhani, and is expected to be the first step in a process that should result in the establishment of concessions that will renovate, extend and operate each of the two airports in 2016.
The gateways are the second and fifth busiest airports respectively in Iran.
The airport in Mashhad, which handled 8.2 million passengers in 2014, is located in the northeast of the country and serves the country's second largest city, a holy city that attracts more than 20 million pilgrims every year.
Isfahan airport, with accommodated 2.6 million passengers in 2014, serves Iran's third largest city, the capital of the Persian empire in the 16th and 17th centuries, renowned for its rich cultural and historic heritage.
With tourism increasing more than 35% in 2014 and the recent effective lifting of international sanctions, airport activity holds out major economic potential in Iran. With its large population and territory, Iran lends itself to air transport.
According to VINCI Airports, the MOU is a further illustration of its international expansion strategy, particularly in the airport sector.
• Today also saw Aéroports de Paris (ADP), Bouygues Bâtiment International and the Iranian authorities sign an MoU opening a period of three months of exclusive negotiation for the development of the Imam Khomeini International Airport in Teheran.
The project involves the renovation of the existing terminal and the design, construction and operation of new terminals to raise the airport's capacity from 6.5mppa today to up to 34mppa by 2020.