Jan 30, 2018, 8:27 PM
News Code: 82814195
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Official lauds elevation of China investment in Iran in past 4 years

Tehran, Jan 30, IRNA – Deputy economy minister praised the growth of China investment in Iran, noting that it has increased by 20 fold in the past four years.

Mohammad Khazaie who is also head of Iranian Investment Organization said that 'the Chinese companies had near 2.3 billion dollars of direct investment in Iran from 2014 till 2018'.

Chinese companies have invested 110 million dollars from 1996 till 2014, he said in Iran-China trade forum on Tuesday.

The official referred to good level of ties between Tehran and Beijing, and said that Iran welcomes improvement of economic and political cooperation with China.

He said that Iran-China trade in 2017 experienced 22 fold increase as compared to the previous year.

The official noted that there are 10 billon dollars of finance deal between the Islamic Republic and a Chinese financial institution, saying that simultaneously, the Chinese companies have provided 11 billion dollars of foreign investment for Iranian projects.

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