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CBI Governor: Persian Gulf states willing to invest in Iran

Governor of the Central Bank of Iran Ebrahim Sheibani said in Dubai on Tuesday that growing security has provided necessary incentives for foreign investment, motivating the Persian Gulf littoral states to transfer their capital to Iran, IRNA reported.

Sheibani said at a ceremony, arranged in honor of Iran`s Minister of Economy and Finance Tahmasb Mazaheri, that Iran is now in a stage of economic leap.

He said Iran`s non-oil exports rose by 22 percent in the first five months of the year compared to that in the corresponding period the previous year.

He added that Iran`s economic growth keeps pace with that in China and India, and is two to three times that of the Persian Gulf littoral states.

He added that under present conditions, Iran enjoys strong position in terms of foreign exchange reserves which serves as an attractive variable for investment.

... Payvand News - 9/24/03 ... --

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