Tehran, Iran, Aug. 27
By Milad Fashtami - Trend:
Iran annually absorbs $500 million worth of foreign investment, Deputy Minister of Industry, Mine, and Trade Hossein Abouyi Mehrizi said on August 27.
Mehrizi said the country has the potential to increase the figure to $3 billion, Iran's Mehr News Agency reported.
"Iran seeks to get access to foreign technologies and new markets through absorbing foreign investment," he explained.
The ministry has introduced 215 investment opportunities to foreign businessmen for the current calendar year (to end March 20, 2015)," Mehrizi added.
He expressed hope that the upcoming nuclear talks between Tehran and the P5+1 group of countries be fruitful so that Iran finally becomes able to absorb more foreign investments.
Iran's Industry, Mine, and Trade Minister Mohammad-Reza Nematzadeh said on June 24 that his country's economy could not develop without the cooperation of international companies.
Deputy Director of Iran Small Industries & Industrial Parks Organization Qolamreza Soleimani said on June 22 that foreign investors invested some $783 million in Iran's industrial parks in the 12-month period with ended on March 20.
"The investment has created over 11,000 job opportunities," he said, Iran's Mehr News Agency reported on June 22.
"Currently some 122 foreign investors are active in Iranian industrial parks projects," he said.
He went on to note that the interim deal between Tehran and the P5+1 group of countries has encouraged foreigners to invest in Iran's market.
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