China investments in Iran near $27b

Financial Tribune – Of the total Chinese investment, 1.53 billion were made in chemical industries, $11.1 billion in energy, $4.96 billion in metals, $160 million in real estate, $6.92 billion in transport and $2.25 billion in utilities 

China invested $26.92 billion in Iran from 2005 to 2019.

The American Enterprise Institute added that of the total investment volume, 1.53 billion were made in chemical industries, $11.1 billion in energy, $4.96 billion in metals, $160 million in real estate, $6.92 billion in transport and $2.25 billion in utilities.

Among Iran’s neighboring countries, China invested $56.33 billion in Pakistan, $3.48 billion in Afghanistan, $6.8 billion in Turkmenistan, $1.92 billion in Azerbaijan, $15.96 billion in Turkey, $23.95 in Iraq, $41.16 billion in Saudi Arabia and $34.7 billion in the UAE over the period.

The value of China’s overseas investment and construction combined since 2005 exceeds $2 trillion.

In 2019, the average size of Chinese construction deals overseas shrank and investment fell outright. Greenfield investment and the Belt and Road Initiative became relatively more important.