Chinese Financiers Mull Investment in Iran’s Industrial Projects
TEHRAN (Tasnim) – A delegation from a Chinese finance company travelled to Iran last week to explore ways of financing seven major steel projects, an Iranian official announced.
Speaking to reporters on Tuesday, CEO of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Mahdi Karbasian said he held talks with the Chinese company’s officials on financing the steel projects.
He added that another high-ranking Chinese delegation will arrive in Iran within the next two weeks to weigh up plans for making a new 5-billion-dollar investment in projects on production of aluminum, copper and steel.
According to Karbasian, IMIDRO would not confine itself to attracting Chinese financiers alone, but has launched talks with Europeans as well.
“Price and quality” are the main factors Iran considers in attracting foreign investment in the country’s mine industry, he added.
“If the Chinese offer appropriate price and quality, they can definitely be among our future partners in the (industrial) projects,” the Iranian CEO pointed out.
In recent years, China has financed many Iranian projects, especially in the oil and petrochemical industries.
Meanwhile, the conclusion of nuclear talks between Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) has encouraged many other countries to consider investing in Iran.