29 Mar 2024
Sunday 20 January 2013 - 16:07
Story Code : 17922

USD1.5bn foreign investment in Iran's housing sector

USD1.5bn foreign investment in Iran
houseSome $1.5 billion foreign investment has been attracted in housing sector, said the Head of the Organization for Investment, Economic and Technical Assistance of Iran.

Behrouz Alishiri went on saying that $1.2 billion of the investment is currently running on projects, IRNA reported.

Sanctions imposed on Iran have proven to be futile and foreign investments made in Iran have risen considerably, he said.

For completion of housing and construction in our country, we can use the capacities and experiences of international firms for cooperation, Alishiri added.

"Besides equipment and new resources, introduction of housing technology, rate of constructions and reducing costs and final price may lead to satisfaction of applicants in housing sector in Iran."

The vice finance minister said contracting companies of Iran have remarkable capacities in the housing sector, and added, "We should try to use financial modeling of their plans in the field of housing."

In current situation, he said, foreign firms and investors are eager to cooperate in Iran and we can use their capacities to speed up the projects in the housing sector.

Earlier this month, Alishiri said the government has a significant role in empowering the private sector.

He said that to enter the economic projects, the private sector needs low-risk conditions with economic justifications. These are both undertaken by the government.

"The government may offer various loans and facilities to pave the ground for the presence of foreign investors by making business-friendly legislations for the private sector," he added.

By Zawya

 

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