China’s investment in Iran increased tenfold in the year ending on March 20, 2023, announced the head of the Organization of Investment, Economic and Technical Assistant of Iran (OIETAI) on Tuesday.
Talking to IRNA, Ali Fekri referred to China’s investment in Iran, saying the value of the investment made by China in Iran last Iranian year stood at $3 billion.
The official emphasized that the country has managed to remove trade barriers in line with encouraging other countries to invest in Iran with peace of mind.
He also pointed to the country’s reimbursed debt to the Islamic Development Bank (IDB) and said $300 million worth of the country’s debt was fully paid during the current administration.
Developing and expanding relations with neighboring countries is the main strategy of the current administration, Fekri further emphasized.