Iran to privatize 200 state-run companies
Baku, Azerbaijan, Oct. 15
By Fatih Karimov – Trend:
Iran plans to privatize almost 200 state-run companies by March 2017, Abdollah Pouri Hosseini, head of Iran Privatization Organization, said.
He said that since establishment of the organization in 2001 over 540 state-run companies have been privatized, Pouri Hosseini said, SHANA news agency reported Oct. 15.
He added that so far 49 percent of the privatization targets have been achieved.
Since the Privatization Organization was launched in 2001, it has privatized 1,420 trillion rials of governmental shares, Pouri Hosseini said.
Through privatization of governmental companies, Iranian government seeks to restructure the country's economy and reduce the government's expenses by promoting the private sector.
Increasing productivity levels in large enterprises is also among the main objectives for selling the shares of government companies.
A recent report said President Hassan Rouhani’s administration has privatized 391.8 trillion rials ($12.4 billion at 31,640 rials per USD) worth of assets.