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Official encourages investors to get active in Iran

Governor General of West Azarbaijan province Jamshid Ansari on Friday encouraged the foreign and Iranian investors to get active in the safe and lucrative market of Iran, IRNA reported from Orumiyeh.

Speaking in a meeting with the Iranian merchants and investors residing in Turkey, the governor said Iran including this province would support any initiative on part of investors to get active in Iran's economic sector.

He said the West Azarbaijan province has provided credits and facilities for Iranian and foreign investors who would make investments there.

He said there are plans to build 14 colossal dams, some cement actories and pipeline network to transfer ethylene from southern Iran to the province adding that these project are good grounds for investment in West Azarbaijan.

He stressed the prime importance of the managerial skills saying good management would add to the lucrativeness of the activities in the business work.

The Iranian investors residing in Turkey have a special advantage to have access to the currency reserves fund and get involved in the economic projects of the province.

Iranian officials are using every means to spur up the country's national economy by , among others, attracting foreign investment.

On Aug 12, Head of Investment Organization Mohammad Khazaei said the risk of investment in the Islamic Republic of Iran has dropped from six points to four points in the past three years and the figure is expected to stand at three in the near future.

Addressing the international conference on 'Foreign Investment Opportunities in Tabriz', he said the investment in the country has improved between 20 to 30 percent compared to the figure for 2000.

Foreign investment in the country registered a ten-fold growth this year compared to the figure ten years ago, he said.

Factors such as suitable geographical location, young population as well as a 350 million consumers in regional markets have prepared the grounds for absorbing foreign capital, he said.

... Payvand News - 8/15/03 ... --

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