RSS   Newsletter   Contact   Advertise with us

China willing to invest in Iran's steel industry

Share on Twitter Share on LinkedIn
Staff writer ▼ | June 19, 2014
A team of Chinese investors have voiced their willingness to invest in Iran's steel industry, a senior Iranian trade official announced.
Iran steel
Iran steelA team of Chinese investors have voiced their willingness to invest in Iran's steel industry, a senior Iranian trade official announced.


"The Chinese investors have said that they want to invest in the construction of steel products and ingot plans in Kermanshah province," Head of Kermanshah Province's Chamber of Commerce Keyvan Kashefi said. He said provincial officials are pursuing finance for the development projects in Kermanshah province, and the number of visits by foreign investors to Kermanshah province has, thus, risen.

Managing Director of Bank of Industry and Mine (BIM) Ali Ashraf Afkhami underlined that Iran's lucrative market and eye-catching economic opportunities have persuaded Chinese investors to try to increase their investments in the country's development projects.

In a meeting between the head of a high-ranking Chinese delegation from National Machinery Industry Corporation (SINOMACH) and Afkhami, the two officials discussed ways for broadening of cooperation in various fields, mainly investment in Iran's projects by the Chinese side.


 

MORE INSIDE POST