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Japanese investors keen to invest in Kurdestan province of Iran

Kurdestan governor-general, Asadollah Razani, referring to his talks with Japanese officials, said in Tokyo on Saturday that favorable conditions are now provided for Japanese investment in Iran and that their capitals can now be attracted through proper marketing, IRNA reported.

Currently visiting Japan to attend Iran's Fair in Tokyo, he told IRNA that he has held positive talks with the officials from Japan's External Trade Organization (JETRO) and a number of private Japanese companies including Marubeni and Mitsubishi Busan.

He added that his negotiations with the Japanese officials mainly focused on the potentials of Kurdestan province and introduction of its capabilities to attract domestic and foreign investment. "The Japanese have been informed that Kurdestan province can serve as a safe economic hub towards making access to Iraqi market.

"Given the special conditions of Kurdestan province, some Japanese enterprises such as Marubeni are highly interested in gaining access to Iraqi market through the province and they had earlier called for it," he noted.

Turning to Japan's broad investment in developing countries such as Thailand and South East Asian states, he said that given the cultural commonalties and favorable political-economic relations between Iran and Japan, Iran is in position to attract Japanese capital.

"Given Iran's special geographical and natural conditions as well as cheap energy, it enjoys a privileged status compared to other regional countries," he added.

The official said that since investors are generally looking for profits, Iran should provide favorable grounds for the investors to gain a fair amount of profit.

"Japan has not been investing in the Middle East area. However, given Iran's potentials, it can serve as a good example for investment in the region," he pointed out.

Referring to his visit to Japan as the first step towards promoting contacts between Kurdestan province and the Japanese investors, he said that this is the first phase of the move. Given the negotiations held with the Japanese officials and the agreements signed between the two sides, he assessed them as positive.

Iran's third three-day fair held at the JETRO Akasakai Exhibition Hall in Tokyo and organized jointly by JETRO and Iran's International Exhibition Company in cooperation with the Iranian Embassy in Japan will end on Friday .

A delegation from Kurdestan province Foreign Investment Department accompanied Razani in his visit to Tokyo, to attend the Iranian trade fair and enter into negotiations with Japanese officials.

... Payvand News - 9/20/03 ... --

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