TEHRAN (Iran News) – The director general of the Foreign Investment Office of the Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) said his country plans to attract $6 billion in foreign investments during the year to March 20, 2021.
In the first half of last year, the amount of attracted foreign investment was $1.463 billion, which has currently reached $3.8 billion, and by the end of this Iranian year, the figure is expected to reach $6 billion,” OIETAI head, Abolfazl Koudei said, according to IRNA.
He noted that according to the goals planned for the country’s economic development, including 8% economic growth, the government plans to boost foreign investments.
“In order to achieve that, in addition to external problems such as sanctions and money transfer issues, we must remove domestic barriers and problems. In this critical situation, we can make the most of the opportunity for foreign investment,” the official said.
Underlining the great capacities of the country for attracting foreign investments, he said: “Attracting foreign capital has a preliminary process that must be completed; first, the financing is defined in the Organization for Investment, Economic and Technical Assistance of Iran; then it goes to the Foreign Investment Board for approval; and finally it will lead to the issuance of a license. So, the process is not simple.”
As the situation in the country improves, the pace of encouraging and attracting foreign investment will definitely pick up; however, even if the situation remains the same, there are still methods and strategies to be utilized to facilitate the process, the official stressed.
- source : Iran Daily