Iran adopting new strategies to attract foreign investors

Business Materials 17 May 2015 14:02 (UTC +04:00)

Baku, Azerbaijan, May 17

By Fatih Karimov - Trend:

Iran is adopting new strategies to attract foreign investors, said Valiollah Afkhami-Rad, Iranian deputy industry, mining, and trade minister.

"Developed and developing countries, which had downsized their relations with Iran after the imposition of sanctions on the country, are eager to resume the cooperation. So, a set of new rules and regulations have been set to attract foreign investments," Iran's Mehr news agency quoted Afkhami-Rad as saying May 17.

European countries can have a guaranteed and long-term trade with Iran, he said, adding that the government will secure their profitability.

Afkhami-Rad said May 6 that after the Lausanne agreement, European countries boosted their presence in Iran, so that two German delegations, one Swiss delegation, and one Polish delegation traveled to the country.

The administration has approved dispatching 17 new commercial attaches to other countries, he added.

He added that the country's annual non-oil export is projected to be increased to $65 billion in the current Iranian fiscal year, which began on March 21.

Foreign companies are willing to invest in oil, gas, and mining industries, he said.