SAEDNEWS: Iran and China Seek to Expand Economic Ties Through $300 Billion Investment Initiative
According to Saednews, A major investment forum held on November 5 alongside the ninth China International Import Expo showcased 150 Iranian investment projects spanning 11 strategic sectors, with a total estimated value of $300 billion.
The proposed investment portfolio covers a broad range of industries, including energy, petrochemicals, mining, manufacturing, agriculture, transportation and emerging technologies, offering Chinese companies numerous opportunities for investment and commercial cooperation.
Iran's Deputy Minister of Economic Affairs and Finance, Mehdi Heydari, said the country requires approximately $250 billion in energy and infrastructure investments over the next five years. More than $45 billion of that amount is allocated to petrochemical development.
At the forum, Oghaf Investment Group introduced six investment projects worth over $10 billion. The proposals focus on oil and gas, petrochemicals, renewable energy and industrial equipment.
The meeting was held as Washington intensified its campaign to limit Iran's international economic engagement and discourage foreign companies from maintaining business relations with Tehran.
China, however, has maintained its opposition to unilateral sanctions and restrictions on Chinese companies involved in legitimate trade with Iran.
On September 3, China's Ministry of Commerce firmly criticized US sanctions imposed on Chinese businesses over their commercial activities involving Iran. The ministry argued that unilateral measures without United Nations authorization undermine normal international economic exchanges and pledged to protect the legitimate interests of Chinese companies.
Beijing reaffirmed this position on September 20 after Washington signed the 2026 Lindsey Graham Sanctioning Russia and Iran Act. China's Commerce Ministry rejected the use of secondary sanctions against third countries, emphasizing that international trade should not be subject to external pressure or interference.
The strategic dimension of Iran-China relations was also highlighted during a September 16 meeting in Beijing between Iranian Foreign Minister Abbas Araghchi and his Chinese counterpart, Wang Yi, Press TV reported.
Wang stressed that China's policy toward Iran remains consistent and stable, expressing Beijing's willingness to expand bilateral communication and cooperation and further develop their comprehensive strategic partnership.
