Iran presented a $300 billion investment proposal for 150 projects in 11 strategic areas to Chinese investors on the sidelines of the 9th China International Import Expo in Shanghai. This conference was centered around "Opportunities for Cooperation in the Iran-China Trade Supply Chain" and was attended by about 300 economic activists and representatives of business associations and official institutions from China.
Emphasis on Expanding Economic Cooperation
Abdolreza Rahmani Fazli, the Ambassador of the Islamic Republic of Iran to China, in his speech, referred to the 55th anniversary of the establishment of contemporary diplomatic relations between Iran and China and emphasized the necessity of utilizing existing capacities to expand economic and technological cooperation. He also introduced Iranian companies in the fields of energy, petrochemicals, mining, agriculture, and emerging technologies.
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Investment Capacities and Petrochemical Projects
Mehdi Heydari, Deputy Minister of Economic Affairs and Finance, introduced about 150 investment projects with an approximate value of $300 billion at this meeting. He also announced that about 30 of these projects are dedicated to the petrochemical sector, which requires more than $45 billion in investment for their implementation. The country's need for modernization and development of infrastructure in the energy sector is estimated at around $250 billion.
Abdolsadeh Nissi, Assistant to the President of the Trade Development Organization, identified the two main axes of economic cooperation between Iran and China as the development of exports of higher value-added goods and strengthening the trade corridors between the two countries. He emphasized the necessity of moving towards the export of processed products.
Seyyed Mohammad Reza Hashemi, Governor of South Khorasan, also invited economic activists and Chinese investors to participate and visit investment opportunities in South Khorasan while introducing the economic capacities of this province. He mentioned the existence of over 58 active mineral types and the production capacities of barberry, jujube, and saffron.
At this meeting, representatives of Iranian and Chinese companies and institutions exchanged views on projects and industrial cooperation, financing methods, and investment guarantees. The holding of this conference provided an opportunity to introduce Iran's economic capacities to market players in China and establish direct connections between enterprises from both countries.
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