Baku, Azerbaijan, June 3
By Elnur Baghishov - Trend:
Iran tries to secure foreign investments despite US sanctions, Deputy Minister of Economy and Financial Affairs of Iran and Head of Organization for Investment, Economic and Technical Assistance of Iran Ali Mohammad Mousavi said , Trend reports referring to ISNA.
He made the statement at an event held at the regional branch of the organization in Iran’s southeastern Yazd Province. According to Mousavi, many countries had invested in Iran prior to the imposition of sanctions ; therefore, the rights of investors should be protected.
He added that efforts are being made to eliminate the problems faced by foreign investors operating in Iran. "There are 1,200 foreign companies that invested in Iran," he said.
Noting that investors from some countries, including China, Turkey, Iraq and Afghanistan, showed interest in investing in Iran, the Deputy Minister added that, given the current conditions, any opportunities should be used, even of minor investments.
Speaking at the event, Director General of Economic Affairs and Finance Department of Yazd Province Ali Namazi stated that 11 licenses for foreign investments worth 750 million euros were issued last Iranian year (March 21, 2018 - March 20, 2019). Out of this sum, 27 million euros’ were invested in six large projects.
The US imposed sanctions on Iran in November 2018.