Chinese company willing to invest in Iran’s Khuzestan

March 5, The Iran Project –China Railway Engineering Corporation (CREC) has expressed its readiness to invest in the construction and infrastructure sectors of Iran’s southwestern province of Khuzestan.

In a meeting with the Governor General of Khuzestan Province Gholam-Reza Shariati on Saturday, a delegation of Chinese company (CREC) said they are willing 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 it to 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 stressed that JCPOA has 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.