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Qatari minister calls for Doha investment in Iran

Business Materials 8 September 2009 12:44 (UTC +04:00)

The Qatari economy minister met with Iranian deputy economy minister here and called for his country's investment in Iran's telecommunications, tourism, banking and steel industries.

The Mehr News Agency quoted the director of Organization for Investment, Economic and Technical Assistance of Iran (OIETAI), Behrouz Alishiri, as saying the ways for broadening economic and trade cooperation between the two countries were discusse din the meeting.

Alishiri highlighted the capacities of the Export Development Bank of Iran and the Export Guarantee Fund of Iran for expanding commercial ties.

The OIETAI president added that Iran is undergoing privatization and good opportunities in this regard will be offered to Qatari investors in a future conference.

Qatari Economy Minister Yousef Hussein Kamal conveyed his satisfaction with Alishiri's suggestions and expressed hope that Qatari financiers invest in Iran.

He also called for the establishment of Bank of Qatar in Iran and asked for cooperation in this regard.

Qatar has experienced rapid economic growth over the last several years and in 2008 posted its eighth consecutive budget surplus.

In July, the ambassador of Iran to Qatar Abdollah Sohrabi said plans are afoot to open up an Iranian trade center in Doha and in return, Iran has already allocated a piece of land to build a Qatari trade center in Iran''s Bushehr city port.

He also disclosed that within the next four months, Doha will host the biggest Iranian trade fair, the Qatari Peninsula website reported.

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