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Iran’s National Development Fund inventory hits $23 bln

Business Materials 3 October 2011 12:01 (UTC +04:00)

Azerbaijan, Baku, Oct. 3 /Trend A. Qurbanova/

Iran 's National Development Fund inventory is currently $22.848 billion and the private sector can receive $4 billion from the fund, ISNA reported quoting Head of National Development Fund Rahim Qorbani as saying.

"Today the focus should be on export market and we plan to assign financial sources to private sectors," he said.

A total of 20 percent of the National Development Fund is planned for assigning to foreign investors. There will be no problem in issuing the funds if the foreign investors decide to act as partners, but any solo apply should get approval at the parliament, he added.

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