Middle East Economic Survey
China Signs $13Bn Railways Deal With Iran
China has signed a $13bn framework agreement with Iran for the construction of eight new railway lines to extend the national network by 5,300 km, according to Masoud Rahnama, Managing Director of Irans state-owned Construction and Development of Transportation Infrastructure Company. According to a Fars News Agency report of 8 February, Iran will probably pay China in oil exports. The report...