Chinese Firms to Invest in Northeastern Iran

Date: 17 March 2019 - 21:16

News ID: ۶۴۳۴۴

TEHRAN (Dispatches) - Deputy Governor General of north Khorasan province Majid Pour-Isa has said that a group of Chinese firms and investors will make investment worth of 5 million yuan in the mines of the province.
"The investments will be made in marble mines of Garmeh County of the province,” Pour-Isa said.
"Chinese operation in the province’s mines will start as of the next Iranian year (to start on March 21),” he said.
There are also plans to cede land to the Chinese in Bojnourd special economic zone to set up factories, he said.
Some 21 types of minerals with reserves of 775 million tons have been discovered in North Khorasan province, the most important of which are bauxite, marble, limestone and plaster.
Back in late September, Chinese Foreign Minister Wang Yi, in a meeting with his Iranian counterpart Mohammad Javad Zarif in New York, called for broadening of mutual cooperation, specially in trade and economic fields.