China’s Iran Investment Rises Tenfold in A Year: Deputy Economy Minister
TEHRAN (Tasnim) – China’s investment in Iran increased tenfold last year, the head of the Organization of Investment, Economic and Technical Assistant of Iran (OIETAI) said.
Speaking in an interview with IRNA, Ali Fekri referred to China’s investment in Iran and said the value of the investment made by China in Iran last year stood at $3 billion, registering a tenfold hike compared to a year before.
The deputy economic minister emphasized that the country has managed to remove trade barriers in line with encouraging other countries to invest in Iran with peace of mind.
He put the total investment volume attracted in the country within the framework of the Foreign Direct Investment (FDI) in the current administration at $10.608 billion, adding that Russia has invested the most capital in the country since the administration took office in August 2021.
He also pointed to the country’s deferred debt to the Islamic Development Bank (IDB) and said $300 million worth of the country’s debt was fully paid during the current administration.
Developing and expanding relations with neighboring countries is the main and macro strategy of the current administration, Fekri further emphasized.
