SAEDNEWS: The MoU seeks to leverage Kerman’s resources, foster investor confidence, and streamline permitting to boost investment and support the province’s balanced development strategy.
A Chinese investor has signed a $90 million memorandum of understanding (MoU) with the southeastern province of Kerman in Iran for a car import and assembly project.
Expected to create 800 direct jobs and promote regional development, the project will be implemented in two phases over 36 months.
The signing, which included investor Kin-gi Pan, aims to coordinate resources, expedite licensing, and accelerate investment activities in Kerman Province.
This follows the commencement of operations at a ferrochrome plant in Jiroft County in Kerman, also involving a Chinese investor, with an initial investment of 20 trillion rials.
The MoU seeks to leverage Kerman’s resources, foster investor confidence, and streamline permitting to boost investment and support the province’s balanced development strategy.
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