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Iran receives bids for $5 billion in investments

Iran has received applications for investments to the tune of dlrs five billion, said Deputy Minister of Economic Affairs and Finance for legal and parliamentary affairs Heydar Mostakhdemin Hosseini in Tehran on Wednesday, IRNA reported.

Mostakhdemin told IRNA that Iran received the offers thanks to the law on attraction and support for foreign investment, conclusion of agreements with other countries for investment cooperation and ratification of the executive charter of the law on attraction of foreign investment.

He said dlrs 1.5 billion of the sum has thus far been invested in the non-oil sectors.

He added that the amount of investment has been unprecedented in its kind over the past 10 years.

Comparing the sixth Majlis performance with that of its predecessors, he said that during the period since its inauguration, the sixth Majlis has passed 270 economic bills and plans, including amendment of the taxation bill.

The official said that Iran has thus far been a signatory with Austria, Turkmenistan, Uzbekistan, Germany, Korea, Turkey, Finland, Bahrain, Malaysia, Romania, Spain, Jordan, Croatia, Kyrgyzstan, Switzerland, Ukraine, Qatar, Morocco, Macedonia, India, Bangladesh, Oman, Syria, Armenia, Italy, Tajikistan, Georgia, Tunisia and France for mutual investment.

He said that the bill of campaign against money laundering is in its final stages in the government-Majlis joint commission.

... Payvand News - 2/5/04 ... --

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