China to offer $8.1bn in investment, finance to Iran’s agriculture projects

China will offer $8.1 billion worth of investment and finance to various agriculture projects in Iran based on agreements reached between the two countries during a recent trip to Beijing by Iranian President Ebrahim Raeisi, according to a senior official in Iran’s ministry of agriculture (MAJ).

MAJ’s deputy for planning and economy Shahpour Alayi said on Sunday that China will invest some $3.5 billion in fishery, mechanization, arable farming, green houses and dryland farming in Iran as part of a MoU signed between the two countries during Raeisi’s visit to China earlier this week.

Alayi said Iran will also be able to access some $4.6 billion worth of Chinese resources under a finance scheme for two major agricultural projects in south and north of the country.

He said Iran will finish preparations for the implementation of the agreements with China until late March, adding that the projects could start in early April.

The official said the MAJ had set up committees to pursue the implementation of the agriculture MoU with China, adding that guidelines on the agreement will be issued for private sector companies and commerce chambers within the next weeks.

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