Iran selective on foreign investments, official says
Tehran, Iran, Feb. 1
By Mehdi Sepahvand - Trend:
Iran's long-term view is to use foreign economic relations as a tool to improve political power balance across the world, Iranian deputy minister of economy, Mohammad Khazaei, said during a press conference in Tehran, Feb. 1.
Speaking of foreign investments, Khazaei said not every investment is welcomed in Iran, adding that Tehran only agrees to foreign investments which would add value to the country, Trend's correspondent reported from the event.
The official noted that Iran seeks to create new job opportunities, boost exports, improve technology and environment.
Iranian government is expected to approve several projects funded by foreigners worth $7 billion until March 21, he added.
According to plans and the ongoing negotiations, Iran has room for $45 billion investment in 2016, said the official.
One week after the removal of international nuclear program -related sanctions on the Islamic Republic, President Hassan Rouhani arrived in Italy for the first stop of his European tour on Jan. 25 followed by a visit to Paris on Jan 27 inking a draft of business deals.
President Rouhani welcomed foreigners to invest in Iran's untapped market.