Iran News ...


Iranian official: $80b foreign investment a year needed

TEHRAN, Aug. 21 (Mehr News Agency) -- To achieve the objectives of the 20-Year Outlook Plan (to end 2021), $80 billion of foreign investment is required a year, Iran Privatization Organization (IPO) director said.

Tehran Stock Exchange

The Mehr News Agency quoted Gholam-Reza Kord Zanganeh saying that foreign investors have expressed their readiness to purchase stocks related to article 44 of the Constitution.

He stated that both foreign and domestic investors should be encouraged to buy these stocks.

About two months ago IPO held some meeting with quasi-governmental organizations in which it was decided that these organizations must not compete with foreign and private investors in buying the article 44 stocks, he pointed out.

... Payvand News - 08/21/09 ... --

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