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Homeinvest in tehranIran guaranteed $12b foreign investment in 2016
Home Iran guaranteed $12b foreign investment in 2016
29
Sep
Iran guaranteed $12b foreign investment in 2016

Mohammad Khazaie made the remarks in the Iran Petrochemical Value Chain Summit (investment and development) in Vienna on Thursday, Tasnim news agency reported.

TEHRAN – The head of Organization for Investment, Economic and Technical ssistance of Iran (OIETAI) said in 2016 Iran issued banking guarantees for nearly $12 billion worth of foreign investment in the country.

Emphasizing the beneits of investing in Iran’s petrochemical industry the oficial noted that the sanctions “snapback” is off the table now as the issue has been completely resolved.

“We are ready to cooperate with foreign companies in various ields, including purchasing equipment and technology transfer, offering public-private partnership (PPP) projects and investment,” Khazaie said.

According to the oficial, along with Austria, Iran has been negotiating with other countries including Denmark, Italy, Britain, Germany, China, South Korea and Japan for opening credit lines and inancing projects.

In its World Investment Report 2017, the United Nations Conference on Trade and Development (UNCTAD) put Iran among successful countries in terms of signing investment agreements in 2016.

Attracting $3.372 billion worth of foreign investment in 2016, the country has registered a 63 percent rise in this regard.

EF/MA


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