All tagged FDI

UK Investor Halts Iran Solar Project Over US Sanctions

◢ British group Quercus, an investor in renewable energy, said Tuesday it will halt work on a major solar plant in Iran after the country was hit by US economic sanctions. "Following the US sanctions on Iran, we have decided to cease all activities in the country, including our 600 MW (megawatt) project," Quercus chief executive Diego Biasi said Tuesday in comments later confirmed by a company spokesman.

Iran Signs Deal with China to Connect Key Port to Rail Network

◢ China will build a train line connecting the Iranian port of Bushehr to the rest of the country's railway network under a $700 million deal signed on Wednesday. The agreement was inked in Tehran in the presence of Iranian Transport Minister Abbas Akhoundi and officials from China Machinery Industry Construction Group.