Chinese CITIC Group to allocate $10 billion to Iranian industrial projects
Date: 12:43, 29-09-2016.
Almaty. September 29. Silkroadnews – Iran and China agreed boosting cooperation in the processing industries of Iran, IrTAG writes.
The Chinese company CITIC Group Corporation expressed its willingness to provide a $10-billion-loan for the Iranian industrial projects implementation. According to the Chinese company spokesman Zhou Yafang, the government of China will provide the necessary permits for the project financing before 2017.
Zhou Yafang also added that CITIC Group Corporation is ready to finance the second stage of construction of the aluminum plant in southern Iran.
