|  | 

Technology

China interested in more investments in Iran

Beijing, China is looking for a way to increase trade with Iran and make investments in the country, said the chairman of China International Contractors' Association (CHINCA) which has a 23% share of world's whole invesments.

In an exclusive interview with IRNA, Fang Qiuchen said that 'the trade between Iran and China is eyecatching and various companies of China have implemented big projects with their Iranian counterparts.'

He noted that Iran and China have good ties in energy, petrochemicals, and trade.

'We held a big fair in Tehran International Exhibition Center in 2018,' Fang said.

Saying that wellknown Chinese companies are interested in cooperation with Iran in infrastructure and energy, he voiced readiness to implement joint projects with the guidance of the leaders of the two countries.'

Fang stressed the need for sharing information between Chinese and Iranian companies and said this will help additional cooperation.

He also said that CHINKA has the most important role in investment out of China.

The Chinese official added that the institute has 1,500 members that work in construction, energy and petrochemical sectors.

According to him, the CHINCA said that the economic body invested $241b in 2018.

'China International Contractors Association (CHINCA) is the national organization formed by Chinese international project investors, contractors , labor service companies and related service providers. CHINCA has been actively performing its duty of communicating members' appeals , strengthening industry selfdiscipline and providing professional service since its establishment in 1988 , aiming to drive sound development of members and promote rapid and healthy progress of China's international investment and economic cooperation,' wrote the official website of CHINCA.

Source: Islamic Republic News Agency IRNA


The iran News Gazette is mainly concerned with news and information about the Arab region and also covers international issues. Its main objective is to provide reliable and verified information on the Arab region for publishing on the digital landscape.