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New cities in Iran ready to absorb foreign investment A member on the board of the company for the development of new Iranian cities said: "new Iranian cities are given permission by the Ministry of Roads and Urban Development to absorb 40% of the investments made by domestic or foreign investors". More than 10 projects ready for investment in Karaj The manager of investment affairs in the municipality of Karaj city said: "more than ten major development, service, and cultural projects have been readied in the megacity of Karaj to be offered to potential investors from the privates sector or other countries". The Managing Director of the Qeshm Free Zone: "Investment on Qeshm Island highly Profitable" The Managing director of the Qeshm Free Zone said: "macroeconomic activities are highly lucrative on Qeshm because the Island offers special advantages and privileges to potential investors". Turkish Investors Visit Arvand Free Zone Investors from the neighboring country of Turkey paid a visit to the Arvand free zone to explore its potentials. Tehran municipality places pro-investment policy high on its agenda The Deputy for social and cultural affairs of Tehran municipality said: "absorption of domestic and foreign investments and guiding them towards the establishment of trade, sports and recreational centers has become one of our top proprieties". Foreign investors have not yet applied for Iran's National Development Fund The Deputy Head of Iran's National Development Fund said that so far no foreign investor has asked to use the credits from Iran's National Development Fund.   NOTICE FOR DIVESTITURE OF SHARES BY THE IRANIAN PRIVATIZATION ORGANIZATION THROUGH THE TENDER