Azerbaijan, Baku, Jun.24/ Trend F.Milad/
The Islamic Revolutionary Guard Corps' (IRGC) involvement into economic and banking activities is justified given its intrinsic responsibility of safeguarding the Islamic Revolution, the Supreme Leader's representative to the IRGC Ali Saeedi stated.
Ali Saeedi added that the IRGC is involved in projects which the private sector can not afford financially, the ISNA News Agency reported.
The replacement of the IRGC instead of French or German companies is in line with securing fundamental values of the Islamic Revolution. So, carrying out economic activities is justified, he noted.
Khatam al-Anbia Construction Headquarters, a subsidiary of the IRGC, has greatly increased its role in the economy, receiving billions of dollars in government contracts particularly in the strategic oil and natural gas sector. Its growth has run parallel to the growing importance of the IRGC as an economic power in Iran, which now encompasses not only oil and gas but also other major infrastructure projects.
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