26 Dec 2024
Tuesday 21 January 2020 - 15:41
Story Code : 368575

China investments in Iran near $27b

Financial Tribune - Of the total Chinese investment, 1.53 billion were made in chemical industries, $11.1 billion in energy, $4.96 billion in metals, $160 million in real estate, $6.92 billion in transport and $2.25 billion in utilities

China invested $26.92 billion in Iran from 2005 to 2019.

The American Enterprise Institute added that of the total investment volume, 1.53 billion were made in chemical industries, $11.1 billion in energy, $4.96 billion in metals, $160 million in real estate, $6.92 billion in transport and $2.25 billion in utilities.

Among Irans neighboring countries, China invested $56.33 billion in Pakistan, $3.48 billion in Afghanistan, $6.8 billion in Turkmenistan, $1.92 billion in Azerbaijan, $15.96 billion in Turkey, $23.95 in Iraq, $41.16 billion in Saudi Arabia and $34.7 billion in the UAE over the period.

The value of Chinas overseas investment and construction combined since 2005 exceeds $2 trillion.

In 2019, the average size of Chinese construction deals overseas shrank and investment fell outright. Greenfield investment and the Belt and Road Initiative became relatively more important.
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