Iran and Wuhan Company of China have signed an agreement to invest $3.6 billion in Masjed Soleiman Petrochemical Industries, a report said.

Meanwhile, three MoUs were also signed between Iran and Austria, the Netherlands and China, added the Iran Daily report, which cited Mehr News Agency.

Also, another agreement for joint production in food industries, including energy drinks, cheese and other dairy products, was signed by Iran and an Austrian company, according to the report.