28 Mar 2024
Sunday 5 March 2017 - 17:02
Story Code : 253555

Chinese company willing to invest in Irans Khuzestan

March5, The Iran Project China Railway Engineering Corporation (CREC) has expressed its readiness to invest in the construction and infrastructure sectors of Irans southwestern province of Khuzestan.

In a meeting with the Governor General of Khuzestan ProvinceGholam-Reza Shariati on Saturday, a delegation of Chinese company (CREC) said they arewilling to invest in dam construction and its optimization, airport, railway, and equip agricultural lands with the modern systems of irrigation, energy, water and wastewater.

Reportedly, Chinese government has recently opened a credit line of $ 15 billion to invest in the Islamic Republic of Iran and now plans to use itto invest in Khuzestan.

Gholam-Reza Shariati, for his part, referred to the plenty of opportunities for investing in Khuzstan, stressing that after Tehran, Khuzestan province has the second highest GDP in the country.

Khuzestan, as a major hub for the production of energy, oil and gas, petrochemical and steel, can attract international investors, he added.

He also stressedthat JCPOAhas provided a proper ground for foreign investors, especially Chinese companies that worked closely with Iran before the nuclear deal, to invest in the southwestern province of Khuzestan.

Now some Chinese companies are participating in the development of the joint oil fields west of Karun and Ahvaz Metro, he said.
https://theiranproject.com/vdcenx8wnjh8nni.1kbj.html
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