Iranian Ambassador to Beijing Mehdi Safari says the Islamic Republic welcomes foreign investments, especially from longtime trade partners like China.

“The Islamic Republic sets no limitation for investment of Chinese companies in Iran,” IRNA quoted Safari as saying in China’s capital city of Beijing on Tuesday.
He added that Chinese firms have expressed interest in investing in different projects in Iran, including industries, road-building and energy.
The Iranian ambassador expressed hope that Chinese companies and organizations would see Iran’s economic potentials and further boost bilateral cooperation.
“We will make efforts to encourage different Chinese firms which have worked in Iran to invest in the country,” Safari said.
He pointed to Iran’s strategic position in the Middle East region, saying, “The Islamic Republic is a stable and influential country in the region and in the world.”
He expressed confidence that investment in Iran “will cover the entire Middle East region.”
Iran is currently China’s third-largest supplier of crude, providing China with roughly 12 percent of its total annual oil consumption -- nearly one million barrels per day.
The value of trade between Iran and China amounted to USD 8.6 billion in the first quarter of the Iranian calendar year (starting March 21st). About USD 5.4 billion of this sum constitutes Iran’s export volume.
China is the world’s third-largest economy. According to World Bank reports, China has favorable economic conditions while enjoying a stable macroeconomy status.
The Chinese economy is growing at a rate of 10 percent annually even as the world emerges from a deep recession.
(Source: Press TV)