The largest steel factory developer in China has expressed its readiness to invest and finance steel projects in Iran.

As per report, Mr Ahmad Ali Harati Nik chairman of Iran Mining Industries and Mines Development and Renovation Organization held a meeting with Mr Shen Heting president MCC of China in which the Chinese side proposed various solutions to alleviate Iran’s financial problems in its steel projects.

Mr Shen Heting suggested that holding negotiations with Chinese banks aimed at financing the projects, partnership in constructing the projects or implementing the projects in buy back method as ways to finance the projects.

Mr Ahmad Ali Harati Nik said that we can carry out some of the steel development projects in deprived regions with Chinese cooperation. He expressed Tehran’s readiness to implement copper, lead and zinc projects as well and added that similar projects have been carried out by MCC in Iran’s neighbouring countries