TEHRAN Hossein Eyvazlou, a member of the executive board of Irans National Development Fund (NDF), announced plans for partnership with China in the field of foreign financial investment in Iran.Speaking at an interview on Saturday, January 4, Eyvazlou highlighted the value of drawing in foreign capital to enhance Irans financial tasks, highlighting the function of strategic collaborations with countries like China.Details on the scope and nature of the cooperation were not revealed, but it is anticipated to focus on essential sectors that align with Irans long-term development goals.On December 20, a Shanghai Cooperation Organization (SCO) representative announced that the Chinese investors are prepared to fund the construction of combined-cycle power plants in Irans energy-rich Khuzestan province to help resolve the nations energy imbalance and increase regional financial development.Zhao Bin He, the Executive Director of SCOs Iran Office, made the remarks during a conference with Khuzestans governor and regional religious leaders.
We are here to pay our respects to provincial authorities and detail Chinas plans for reinforcing economic and trade ties, with a particular concentrate on Khuzestan, Zhao said.He highlighted the historical and long-lasting relationship between Iran and China, explaining it as built on shared respect, economic cooperation, and cultural exchange.Khuzestans tactical position in southwest Iran and its vast financial capacity make it a key gamer in boosting Iran-China relations, Zhao included.
With access to the Persian Gulf and distance to strong local economies, Khuzestan offers remarkable opportunities for port infrastructure development and maritime transport.Zhao repeated Chinas readiness to actively participate in developing Khuzestans infrastructure, expanding port capability, and exploring joint projects in energy, industry, and agriculture.We are also available to working together on sports facilities development in the province, he included.
In spite of sanctions, Iran has attained exceptional progress in clinical, financial, and political arenas, reflecting the determination and abilities of its people.Also in a conference in between the financial operators of Irans southern Hormozgan province and Cong Peiwu, Chinas Ambassador to Iran, hung on December 10 to explore opportunities for economic, cultural, and trade cooperation in between the 2 nations, Mohammadreza Safa, the head of the Hormozgan Chamber of Commerce, highlighted the provinces financial investment capacity in maritime and mining industries, stating: We hope the challenges dealing with Hormozgans economic operators will be dealt with.
Our demand is to facilitate visa issuance for organization and tourist professionals to streamline processes.He emphasized the Chambers preparedness to send out trade delegations to China and welcome Chinese investors to Hormozgan.Chinas Ambassador Cong Peiwu highlighted the provinces strategic significance for trade relations, calling Hormozgan among the very best regions to expand financial and investment partnerships.Chinas economic development, which has protected the 2nd global ranking in recent years, benefits not only China however also other countries, including Iran, Cong stated.He kept in mind that diplomatic ties, enhanced considering that 1971, reached a milestone with the 25-year cooperation contract signed in 2016.
Cong highlighted the agricultural and food sectors as crucial locations for boosted cooperation, stressing the capacity for exporting Iranian fruit and vegetables, such as fruits, dried fruits, and seafood, to China.Chinese customers have a strong choice for seafood, creating considerable chances for Iranian items in the Chinese market, he said.Addressing instructional and cultural exchanges, the envoy pointed out that Chinese universities use beneficial conditions for Iranian students, while Chinese trainees likewise show interest in studying in Iran.
The presence of Chinese trainees at the University of Hormozgan enhances cultural ties, he added.The ambassador further highlighted maritime transport as an essential area for cooperation, especially through the revival of maritime trade routes known as the Maritime Silk Road.
He explained these routes as important for reinforcing sustainable trade in between the 2 countries.The ambassador even more acknowledged external pressures on China-Iran relations, asserting their resilience.
The ties between our two countries are stronger than ever.
We do not support financial warfare of any kind.
The future of Iran-China cooperation is bright, with financial, cultural, and trade relations as leading concerns, Cong stated.During the meeting, the tactical capabilities of Bandar Abbas and Jask were presented as essential financial hubs, with Hormozgan officials reiterating the provinces readiness to attract Chinese investors.The conversations prepared for more initiatives to take advantage of financial, cultural, and academic opportunities in between Iran and China.Iran and China have enhanced their economic relations in the last few years, particularly through the 25-year Comprehensive Strategic Partnership Agreement checked in 2021.
The offer consists of cooperation in areas such as energy, facilities, transport, innovation, and trade, with China dedicated to investing billions of dollars in Irans crucial sectors.China remains Irans largest trading partner, with bilateral trade exceeding $14 billion in 2023.
Iran exports crude oil, petrochemicals, and minerals to China, while importing commercial equipment, electronics, and consumer goods.
In addition, both countries are partners in major global structures, including the Shanghai Cooperation Organization (SCO) and Chinas Belt and Road Initiative (BRI), which aim to enhance regional connection and infrastructure development.The energy sector plays an essential role in Iran-China cooperation, with Chinese firms associated with establishing Irans oil and gas fields, along with power generation projects.
Zhaos statement of financial investment strategies in Khuzestan aligns with Chinas more comprehensive method to enhance its presence in the Middle East and assist deal with Irans energy needs.As Iran seeks to attract foreign financial investment regardless of international sanctions, cooperation with China offers an important lifeline for its financial development and infrastructure development.EF/ MA