Foreign investors competing to enter Iran market: Official

An Iranian deputy economy minister says foreign investors are eager to increase investment in the Islamic Republic following Tehran’s recent nuclear deal with world powers.

“Following the successful negotiations in [the Swiss city of] Geneva, European and Asian investors have started closely competing to invest in Iran,” said Behrouz Alishiri, who is also the head of Iran’s Organization for Investment and Economic and Technical Assistance, on Tuesday.

Iran and the permanent members of the UN Security Council – Russia, China, the US, France, Britain – plus Germany inked a nuclear accord in the Swiss city of Geneva on November 24, 2013. The two sides started implementing the agreement on January 20.

Under the Geneva deal, the six countries undertook to provide Iran with some sanctions relief in exchange for the Islamic Republic agreeing to limit certain aspects of its nuclear activities, including a voluntary suspension of its 20-percent uranium enrichment program.

Alishiri said that foreigners wishing to invest in Iran were already returning before any formal easing of the sanctions against the Islamic Republic.

Director of the Trade Promotion Organization of Iran Valiollah Afkhami-Rad also said on Monday that “foreign merchants and businessmen’s interest in presence in Iran has increased…,” adding that a French investment delegation would visit the Islamic Republic in the near future.

The Iranian official said that Iran’s free trade and special economic zones would provide foreign investors with good facilities.

By Press TV


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