29 Mar 2024
Thursday 19 May 2016 - 17:25
Story Code : 214671

Iran VP invites IORA members for investment in country

Tehran, May 18, The Iran Project - Iranian First Vice-President has called onmembers of the Indian Ocean Rim Association (IORA) to invest in various sectors of the country's economy.

Speaking at the opening ceremony of IORA meeting on Thursday, Iran's First Vice President Eshaq Jahangiri referred to the country's extensive economic capacities and called for the investment of IORA members in the Islamic Republic of Iran's economic sectors.

Jahangiri said expanding trade, investment and technology, and increasing per capita income of the people live in the Indian Ocean Rim countries is one of the objectives of IORA meeting, adding that private sector's activity, and IORA members' access to each other can help develop the countries.

Holding 18 percent of the world's gas reserves and having abundant natural resources, Iran is among the world's top 15 countries in this area, the Iranian vice president emphasized.

Due to the special geographical position of Iran, members of the Indian Ocean Rim Association can access 300-million-people Central Asia market, he added.

He further pointed to Iran's Chabahar Free Zone as the country's strategically important point for connecting with open waters, and said the coastal countries bordering the Indian Ocean can invest in this area to export their goods to Central Asia.

IORA is an international organization comprised of coastal countries bordering the Indian Ocean.
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