German Firms keen on joining Iran Petchem Projects

German Firms keen on joining Iran Petchem Projects
(Wednesday, December 20, 2017) 12:25

TEHRAN (NIPNA) -- Member of the Iran-Germany Chamber of Commerce Abolfazl Roghani said German companies are determined to invest in Iran's petrochemical sector and transfer technical savvy to their local partners.

He told NIPNA that availability of proper infrastructure as well as abundance of quality feedstock are some of the top features of dealing with Iran which are coveted by foreign investors.

"Construction of major plants in Iran would be pretty beneficial for the country," he said.

Roghani further said that investment in Iran has become much easier for international investors in the post-Joint Comprehensive Plan of Action (JCPOA) era, adding German companies are keen on hunting investment opportunities in the OPEC member.

Iran's government has predicted an annual investment of $50b by the next 5 years in the country mostly from foreign resources, he said, expressing optimism that German firms will enjoy a major share in the balk of investments.

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