Baku, Azerbaijan, Sept. 14
By Fatih Karimov - Trend: Iran has prepared five plans to attract $30 billion foreign investment during the country's sixth five-year development plan (2016-2021).
Head of Iran's Organization for Investment, Economic and Technical Assistance, Mohammad Khazaei, said five plans are being implemented to facilitate and accelerate the process of attracting foreign investment in the post-sanction era, Iran's Mehr news agency reported Sept. 14.
One year ago the organization started a comprehensive program to absorb foreign investment and channel external sources of finance to the country's infrastructure projects, he added.
Revising executive procedures, improving and modifying regulations and laws, removing obstacles on foreign investment, and forming ad hoc committees were among the most important measures that have been taken in this regard, he explained.
Iran 's sixth five-year development plan comprises general policies on economic, technological, social, security and defensive, foreign policy, legal, and cultural affairs.
In the field of economy, it stipulates that the country's economic growth should continue steadily with an average rate of 8 percent during the five-year period. It also supports the establishment of non-government companies for exploration and development of mines, oil and gas fields, and attracting foreign investment.
Mohsen Jalalpour, the chairman of Iran's chamber of commerce, said on Sept. 6 that Iran is ready for $120 billion foreign investment in its semi-finished projects.
Iran needs investment in the ICT, renewable energies, water and wastewater management, and nanotechnology projects, he added.
Edited by CN