Intelligence minister stresses Iran’s high investment security rate

TEHRAN (FNA)- Iranian Intelligence Minister Seyed Mahmoud Alavi underlined that Iran is among the most secure countries for investment.

“We are aware of the importance of providing security and tranquility for the trade activities,” Alavi said on Saturday.

He underlined that any move that makes the entrepreneurs and investors hesitate is considered against the country’s resistance economy policy.

The Iranian minister underlined that investors require “sustainable security” and want to invest with assurance and “the government has provided sustainable security for domestic and foreign investors”.

In late August, Iranian Parliament Speaker Ali Larijani announced that the country has attracted more than $60bln of foreign investment after implementation of the last year nuclear deal between Tehran and the world powers and the removal of sanctions.

“Over $60bln (of investment) has come (to Iran) from other states, including Russia, which can be used for the country’s development,” Larijani said in the Central city of Isfahan.

Minister of Industries, Mines and Trade Mohammad Reza Nematzadeh announced in July that the Iranian and foreign banks have signed tens of Memoranda of Understanding (MoUs).

“Our banks have signed 35 MoUs with foreign banks and we have inked over 215 investment agreements,” Nematzadeh said, addressing a ceremony held on the occasion of Iran’s National Day of Industry.

He noted that the Scandinavian countries have opened letters of credit (LCs) for Iranian producers.

“During the visits I had with Korean officials, it was announced that Iran is not just a market for their products, but they have to invest and transfer technology if they want to remain in Iranian market,” Nematzadeh added.

By Fars News Agency