Deputy Minister of Economic Affairs and
Finance and Head of Iran's Investment Organization Mohammad Khazaie
said in Ardebil on Sunday that a 350-percent increase has been observed in
the level of foreign investment in Iran during the past year, IRNA reported.
Addressing a seminar of traders from Ardebil province, he added
that the investments approved by Iran's Investment Organization from
1993 through late spring of 2002 amounted to dlrs 2.3 billion, while
last year's figure stood at dlrs 1.3 billion.
"In recent years, Iran has made a leap in gaining international
reputation in the economic sector and its investment risk rate has
dropped from six to four.
"Investments can optimize management standards while improvement
of public welfare will eliminate poverty and corruption," he added.
Khazaie pointed out that investment in agricultural and mines
mines sectors as well as tourism are among the exigencies.
... Payvand News - 10/26/03 ... --