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Iran plans to attract $30 billion investment from overseas Iranians

Business Materials 18 April 2015 14:38 (UTC +04:00)
Iranian Deputy Minister of Labor, Cooperative, and Social Welfare Abolhassan Firouzabadi has said that the ministry plans to attract $30 billion investment from overseas Iranians.

Tehran, Iran, April 18

By Mehdi Sepahvand - Trend:

Iranian Deputy Minister of Labor, Cooperative, and Social Welfare Abolhassan Firouzabadi has said that the ministry plans to attract $30 billion investment from overseas Iranians.

He said that the investment is planned to fund economic projects across the country, Mehr news agency reported April 18.

He added that the plan is under investigation by the ministry's experts, adding that there is a large sum of money owned by Iranians leaving abroad.

If we can meet their trust and create the necessary incentives, we will be able to return the financial sources to the country and make these people have a share in carrying out big economic projects, he said.

"The region's future perspective shows that war in the regional countries, especially in Iraq and Syria, will be over and these countries would need reconstruction hugely. We can tap the capabilities of the Iranian investors to carry out these projects," Firouzabadi stated.

Earlier this week, Deputy Chairman of Iran's Chamber of Commerce, Industries, and Agriculture Mohsen Jalalpour said that since the beginning of the Rouhani administration in mid-2013, overseas Iranians had invested $120 billion in projects inside the country.

He noted that during the period the Iranian investors chose 60 Iranian companies among their top 10 companies to invest in.

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