With revived strategic project, Iran turns to its near east for investment partners


Issue 1016 - 03 Jun 2016 | 5 minute read

The deal for India to invest $500m in the development of Chabahar port, signed during Prime Minister Narendra Modi’s visit to Iran which began on 22 May, is a useful fillip to President Hassan Rouhani’s efforts to show the nuclear deal, which came into effect in January, can deliver real benefits to the economy. It promotes a project in Iran’s south-east which will compete with Pakistan’s Gwadar port scheme across the border, which has attracted Saudi as well as Chinese support.

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