Iran Europe’s investment hub

News ID: 4277607 -
TEHRAN, Apr. 22 (MNA) – Head of the Investment and Consultancy Services at Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIM) says Iran can become an ‘investment hub’ for EU countries given its geographical position and large educated work force.

According to a report by Monetary and Banking Research Institute in Tehran, Ferial Mostafi, the head of the TCCIM Investment and Consultancy Services  said “despite the fact that Iran enjoys huge human and natural resources, it has not been able to attract enough foreign investment.”

Mostafi, who has a MS in Economics from the United Kingdom, added that Iran has faced problems in attracting foreign investment especially after the Trump administration came to power, adding that Europe needs investment in Iran as it needs to diversify its investment destinations.

She added that after the nuclear deal known as the JCPOA came into force in October 2015, more than 300 trade and economic European delegations have travelled to Iran, indicating their interest in investment in Iran’s economy.

She underlined that they in the TCCIM are training the Iranian companies how to attract more foreign investment.

Mostafavi added that the TCCIM Investment and Consultancy Services is training the private companies to act in accordance with the universal standards and norms, adding adopting the universal standards helps private companies attract more foreign investment.

At the end, she hoped Iran can attract foreign investment as much as China and become an investment hub in the region.

KI/4277490

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