Iran capable of absorbing $500bn in investments

TEHRAN, Jan. 13 (MNA) – A Tehran Chamber of Commerce, Industries, Mines and Agriculture delegation member has said Iran is capable of absorbing up to $500bn in investments.

Mohammad Reza Bahraman who was speaking in a press conference on Tuesday said that $00bn of the total figure had been defined for projects in oil and gas sector. “If the conditions and requirements are met, we will succeed in absorbing foreign direct investments, since currently all countries compete to attract investments to their highly healthy and developed economies in their economic development plan,” he added.

“No time in history has the country had the necessary infrastructure to lure foreign and domestic investors to our economy; however, government has focused all its resolve to do this great feat, and the president invited all investors to Iran in a public call in Davos,” told Bahraman to the press. “A workgroup consisting of officials of Foreign, Trade, Mine, and Industry Ministries, Tehran Provincial Governorate, and Chamber of Commerce, Industries and Mines has reported its findings about barriers in the way of investments influx to Iran in different sectors; among the barriers reported to the Cabinet is the lack of unit trade window,” he asserted, saying that the government had established a unit trade window in Tehran Governorate as the first step.

Fatemeh Moqimi, another member of TCCIM delegation told reporters that a conference, Equal Investment Opportunities, would be held in Tehran in January 19; “so far, 40 investors have announced their participation to invest in defined projects which is a point of advantage; investors from Denmark and Italy have particularly announced participation,” she added.

“Iran’s trade delegations have launched attempts to introduce investment opportunities of Iran to the other countries,” Moqimi asserted.

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News Code 105516

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