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Energy, employment and export, top plans for foreign investment

Sunday, Nov 26, 2017

The President of the Organization for Investment, Economic and Technical Assistance of Iran says the priorities of foreign financial resources entering the country are energy, employment and export projects.

(SHADA: TEHRAN) -- After the nuclear deal, we are witnessing negotiations and international financial contracts with our country and the government and private sector of Iran are ready to guarantee these investments, Mohammad Khazaei added.

Stating that in addition to Iranian banks, the government is ready to issue guarantees, he said: In accordance with the laws passed by the Parliament, all foreign proposals for Investment will be examined in a committee composed of representatives of the Ministry of Foreign Affairs, the Investment Organization, the Central Bank, the Chambers of Commerce and Cooperative, and the Planning and Budget Organization; If the project is approved, the government will fully support and guarantee the plan.

He added that if the investment plan is approved by the committee, entry and exit of currency and cooperation of Iranian banks will be facilitated and the Ministry of Foreign Affairs will confirm the visa and residence of investors.

In the view of the government and the Ministry of Economic Affairs and Finance, the entry of financial resources in form of investment is more important than other items, Khazaei noted.

He also urged foreign investors to cooperate with the private sector and consider joint investment in the free and special economic zones of Iran, as well as in neighboring countries, including Iraq, Afghanistan and the countries of Central Asia.

Iran is a rich country but, as it is customary in everywhere in the world, including the richest countries of the world, Iran is willing to use foreign capital alongside its national wealth and this is a natural and normal procedure everywhere in the world, he added.

Khazaei said security in the country was one of the relative advantages of Iran in a turbulent region and stated: This security has been achieved with the divine grace and sacrifice of the descendants of the nation.


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