Chinese $ 80 billion investment forecast in the country's mines

Chinese $ 80 billion investment forecast in the country's mines
  • 2021-04-10
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Chairman of the Mines and Mining Industries Commission of the Iranian Chamber of Commerce: The Chinese are interested in investing about $ 400 billion in various areas of the country, of which about $ 80 billion is in the field of mines and mineral industries.

According to the International Iranian Stone Exhibition, Bahram Shakoori said about the comprehensive document of 25 years of cooperation between Iran and China and its effects on the mining sector: There are different opinions about the Chinese investment in the mining sector. Some people believe that this agreement will harm the country, but I believe that foreign investment can help the country grow and prosper. It can help that we can have a good cooperation with the countries of the world, especially a country like China.

Referring to the amount of Chinese investment in the mining sector, he said: "What is in the 25-year cooperation agreement shows that the Chinese are interested in investing about $ 400 billion in various fields, of which about $ 80 billion is in the mining and mineral industries." . For a better comparison, it should be noted that the total volume of investment from the Reza Shah period until today in the field of mines and mining industries does not reach 50 billion dollars.

The head of the Mines and Mining Industries Commission of the Iranian Chamber of Commerce pointed out: The same amount of investment has created this amount of employment and prosperity and has played a role in production and exports. As a result, $ 80 billion is a significant amount. رقThis figure, along with other investments in areas such as infrastructure, transportation, port development, etc., can have very good effects for the country.

He added: "Perhaps the people's concern is that the countries that have attracted investment from the Chinese were not very satisfied, and on the other hand, there are concerns about reaching an agreement on these agreements."

Emphasizing the need to pursue interests, Shakoori said: "Naturally, if the party to their contract is the private sector, since all the money belongs to him and he owns the capital, he considers his own interests and certainly does not allow his interests to be jeopardized, national interests." Is also provided.

He added: "It seems that the Chamber of Commerce, parliament, regulatory bodies, etc. should be more careful and monitor to ensure the interests of the country, we should not forget that the contracts that are concluded should be win-win, both the Chinese and us should benefit." Let's go. It is not only the Chinese or only us who can benefit. Therefore, finding a path in contracts that can protect the interests of both parties is of particular importance and can have positive effects on the development and excellence of the country.

In response to a question about the investments made by the Chinese in Iran's mines to date, Shakoori said: "Due to sanctions, foreigners and even the Chinese did not invest much in Iran and because of the sanctions, they preferred to buy mineral products." It is very rare for the Chinese to invest, the amount of which is not significant at all. This memorandum can help bring more capital into the country's mining sector. Iran also has a lot of potential in this industry that makes it attractive for investment.

He added: "Our view should be positive and hopeful, but at the same time we should increase our vigilance. That is, while we are optimistic that these contracts can be helpful, we set the framework in a way that serves the interests of both parties to the contract.

* ILNA