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.
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles and set up news alerts.
Register