News ID: 251999
Published: 0253 GMT April 27, 2019

Iran offers over 300 projects in Belt and Road Forum

Iran offers over 300 projects in Belt and Road Forum

Iran proposed more than 300 investment projects as part of China’s ambitious One Belt-One Road initiative.

Iranian Economy Minister Farhad Dejpasand said the Iranian delegation that attended the Belt and Road Forum in Beijing introduced 313 investment opportunities in a bid to seal cooperation with China and other foreign investors worth $50 billion, IRNA reported.

“We should be able to activate our potentials through foreign investment as well as internal financing,” Dejpasand said, stressing that these projects are related to road, rail and port transportation.

Some of the many corridors that go through the region pass Iran so we need to be able to use these opportunities the best we can, he added.

Due to Iran’s strategic location, the benefit from such corridors is way more than their costs and many investors are ready to put their money in such projects and other areas such as petrochemicals, oil and gas, industry and mining, the minister said.

China’s second Belt and Road Forum started on Thursday. The three-day forum was held to promote Chinese President Xi Jinping’s 'Project of the Century', a foreign policy initiative launched in 2013 to revive ancient trading routes between Asia and Europe, as well as build new links in the Middle East, Africa and South America.

Delegations from 110 countries took part in the conference.

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