Chinese company to invest in Iranian port’s infrastructure
Baku, Azerbaijan, Sept. 14
By Fatih Karimov - Trend: China 's PetroMaterials Corporation will invest in infrastructure projects in the Iranian southwestern port of Khorramshahr.
Chen Jing-Rong, the managing director of PetroMaterials, held a meeting with members of the chamber of commerce of Khorramshahr, announcing readiness to invest in boosting the port's infrastructures, Iran 's IRIB reported Sept. 14.
The company is ready to establish plants, docks, bridges, and other infrastructure buildings in Khorramshahr, he said.
"The neighborhood of Khorramshahr with Iraq can pave the way for foreign investors to launch large plants and factories in Khorramshahr."
The landmark Iranian nuclear agreement of July 2015 paves the way for the return to growth of the Iranian economy and for a strong uptick in foreign investment.
Iran's total foreign direct investment (FDI) stood at $2.105 billion in 2014, according to the United Nations Conference on Trade and Development (UNCTAD). Western companies are one after the other engaged in talks with Iran to resume their delayed activities or make new investments in the Islamic Republic in the wake of the nuclear agreement.