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Iran’s National Development Fund: No limit for supporting private sector projects

Business Materials 20 June 2019 14:54 (UTC +04:00)

Baku, Azerbaijan, June 20

By Elnur Baghishov - Trend:

There are no restrictions on foreign currency and rial support for Iranian private sector projects, Director of the Executive Board of Iran’s National Development Fund Morteza Shahidzadeh said, Trend reports with reference to the SNN news agency.

He said that last Iranian year (started March 21, 2018), support for about $40 billion was provided to various sectors in the country.

Shahidzadeh added that the support was mainly provided for oil, industrial, mining, cement and other fields.

“Support for $64 million is provided for 8 industrial projects,” he said.

He added that support for 14.3 trillion rials (about $340 million) was provided to private sector projects.

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