Iran, China in talks for funding private sector projects
Iran’s National Development Fund and China Investment Corporation (CIC) are looking forward to launching a joint committee to facilitate investment in private sector projects in Iran.
CIC is interested in investing in new-technology, low-risk, quick-to-fulfill projects in Iran, Iran National Development Fund Chairman Safdar Hosseini said, ISNA news agency reported.
He noted that in recent meetings, CIC side has requested a joint group from ICI Capital and Iranian counterparts start working on the existing projects in Iran and find investment opportunities.
Last year a high-ranking delegation from the CIC visited Iran to explore the grounds for cooperation.
Iran’s Development Fund constantly receives 20 percent of the country’s oil and gas revenues, which has ranged from six to fifteen billion dollars a year based on global prices.
Many projects in oil, gas, and petrochemicals are available for foreign investment.
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