China to invest in Sarakhs Special Economic Zone

According to media reports, a MoU was signed between a Chinese firm and Iran to make an investment worth $2 billion in Sarakhs Special Economic Zone (SPEZ), which is expected to improve industry and commerce in the eastern part of Iran.

Also, one of the major state-owned Chinese companies showed its willingness to make investments in the same region in oil, gas, power plant building and petrochemical industries, the reports revealed.

Sarakhs SPEZ has a strategic location as it connects Central Asian markets, Russia and China to Persian Gulf states and Europe, Afghanistan and Pakistan, which attracted the attention of investors from countries such as South Korea, Italy and China over the past two years. Georgia, Turkey, Turkmenistan and Pakistan have also made investments worth $35 million in areas such as mini-refinery industry and production of construction materials.