ID :
97823
Sat, 01/02/2010 - 14:06
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Iran to break foreign investment record this year: Official

Shiraz, Jan 2, IRNA – Iran's deputy economy minister, evaluating the positive efforts aimed at attracting foreign capitals for investment, said that officials are trying to break the record of foreign investments in the country this year.

Behrouz Alishiri, who is meanwhile the Managing Director of the Iran Investments and Technical Economic Assistance, added at a press conference in Shiraz on Friday, “Despite the global economic recession during the past two years which has decreased the volume of foreign investments in some countries, in our country that trend has had a 6% growth year on year.”

He reiterated: “We hope by unifying our comprehensive Information Bank and the statistical date provided by the Foreign Investments Bank we would be able to take a long stride towards attracting foreign investments.”

Alishiri added, “Without improving the general trade atmosphere in our country we cannot be very successful in attracting foreign capitals, therefore we need to improve the former factor initially in our country.”

He added, “Presently the main problem for an investor is the lack of an appropriate trade atmosphere, since the prevailing conditions in our country do not permit doing business effectively.”

The Managing Director of the Iran Investments and Technical Economic Assistance pointing out that in accordance with Article 44 of the Constitution our state owned companies need to be privatized, adding, “We are now at the beginning of our move towards a great evolution in investments field in our country and at this stage we need to gradually eliminate the administrative obstacles in the way.”

Alishiri reiterated, “The management of the Iran Investments and Technical Economic Assistance has received a proposal for establishment of the branches of five foreign banks in the country to facilitate the business transaction of the foreign investors, but our Business Rules and Regulations, including Appendix V under Article 44 of the said set of laws, does not permit us to implement that proposal.”

He added, “Last year we did a lot to improve the trade atmosphere in our country and out of 10 indexes that are the signs of an appropriate trade atmosphere, one of them improved 47 degrees in Iran.”

Alishiri said, “Registering a new company used to take 30 days in the past, but thanks to the digital technology, anyone can register a company in a day, or maximum within two days now, which is one of the reasons why our status improved 47 degrees in the world.”

He added, “The government’s duty is not merely assisting the birth process of a strong private sector in the country, but also standing by the side of it for good, as a supporter.”

The Deputy Economy and Treasure Minister said, “Attracting foreign investments without reliance on a strong private sector is practically impossible and our main duty is in fact establishment of trade relations between the Iranian and the foreign investors.”

Alishiri further reiterated, “One of the new tasks defined for us is signing legal agreements with the new countries that wish to invest in Iran and we have so far signed sixty such agreements with foreign countries.”

He added, “During the course of the past (Iranian) year (Began on March 20th, 2009) we began a vast scale search for foreign investors in Iran’s entire provinces which led to identifying 450 very appropriate investment opportunities.

Alishiri pointed out, “Out of these 450 investment project opportunities only five are in Shiraz, which is a very small share for Fars Province, where the number of such projects need to increase to 4.000 this year.”

He added, “In the past the state and the private sectors used to be each other’s rivals, but today the process of trust-building between these two sectors in underway.”

The Managing Director of the Iran Investments and Technical Economic Assistance said, “If an Iranian, or a foreign private sector investor firm official would refer to an organ and that organ would fail in issuing the licenses he needs, that investor can file a complaint at the governor’s office at any province, or at the office of the Minister of Economy and Treasure in Tehran, and that governor, or the minister, too, are obliged to survey such complaints maximum within 15 days and to reply to them.”

Alishiri reiterated, “Importing industrial machinery by the private sector investors is quite trouble-free and we are even ready for cooperation in this respect with the Iranian, or foreign investors.”
He added, “Presently in Fars Province we have investment projects worth around one billion US dollars, which are being implemented.”

Alishiri added, “Fars Province was recently chosen as the Assisting Province for Persian Gulf Region Countries’ Investment Attraction, and we hope this selection would lead to rapid development of this province.”

The Deputy Economy and Treasure Minister meanwhile referred to the establishment of the multi-million dollar Persian Gulf Tourism, Commercial, and Recreational Complex in Shiraz, arguing, “The problem the investors of this huge project are faced with currently, is that the regional electricity officials have asked them to construct a 123 megawatt power station themselves, but we would try to solve this problem through mediating, as a well wishers for both sides.”

The Deputy Economy Minister and Managing Director of the Iran Investments and Technical Economic Assistance during his day-long visit of the Fars Province visited the Shiraz International Airport, the Ahoura Pharmaceutical and Medical Herbs Mfg. Company, the Persian Gulf Tourism, Commercial, and Recreational Complex and Mianroud Water Treatment Facilities of Shiraz./end

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