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Mon, February 06, 2012, 11:37
News Detail
6% growth in foreign investment in Iran
The president of the Organization for Investment and Technical Assistance of Iran(OIETAI) affiliated to the Ministry of Economic Affairs and Finance stated that foreign investment in Iran grew by six percent last year despite the global economic downturn.

             
 According to the report of OIETAI Public Relation Department on Saturday, Dr.Behrouz Alishiri Vice minister of economic affairs and finance added that considering the problems in the past year due to the global economic crisis which resulted in an average 40 percent decrease in investments in some countries, we were able to sustain the existing growth trend and experience a six percent rise in foreign investment.

He stated that foreign investment in the country will reach a new level this year.

In December 2009, Alishiri stated that $3 billion in foreign investment projects had been approved by the Foreign Investment committe.

In the 122nd meeting of the Foreign Investment committe several requests for increasing license credit lines, boosting investments and transferring profits were reviewed and approved.

Iran, holder of the world’s second- largest gas reserves, is open to foreign companies investing in its energy sector.

Iran is executing a plan to sell 80 percent of its major state-owned companies to boost the economy and stock values, following a 2006 order by Supreme Leader Ayatollah Seyed Ali Khamenei.

 

Jan 4, 2010 14:15
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