Official: Foreign investors willing to invest in Iran’s copper industry projects

TEHRAN (FNA)- A large number of foreign and Iranian investors have shown interest to invest in Iran’s copper industry, a senior Iranian trade official announced on Sunday.

“Extensive programs in the copper sector will be implemented with the help of the Iranian and foreign investors within the framework of the Vision 2025 development program,” Iranian Deputy Minister of Industries, Mines and Trade Mehdi Karbasiyan said on Sunday.

Karbasiyan, who is also the managing director of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), reminded that there are a large number of copper mines in Iran and many are interested in investing in their development.

He pointed to his ministry’s major programs for growing exploration and increasing investment by the private sector, and said, “IMIDRO renders support to the accomplishment of incomplete copper projects, located in Kerman and Eastern Azarbaijan provinces.”

On Saturday, Iranian Deputy Economy Minister Behrouz Alishiri announced that the value of direct foreign investment in Iran’s industrial sector has doubled in the last Iranian year (ended March 20, 2014) by attracting over $1 billion during the same period.

Iran’s industry sector attracted $1 billion in the last Iranian year showing a 100 percent growth as compared with the $515 million of the previous year,” Alishiri told FNA.

The Iranian deputy foreign minister reiterated that the value of foreign investment in Iran has considerably increased specially in the last several months.

Alishiri noted that the direct foreign investment in power station plants hit $239 million last year which showed a 300 percent growth compared with the year before.

By Fars News Agency


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