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NewsTargeting for Attracting FDI in Industry and Energy Fields:IMIDRO chief

Targeting for Attracting FDI in Industry and Energy Fields:IMIDRO chief

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2017/10/07Date:




Islamic Republic of Iran is after attracting $25 billion worth of foreign investment in development of infrastructures, oil and gas sectors and also different industries, Public Relations Dept. of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported. 
Speaking in Iran and Europe Forum, held in Zurich, Germany, Mehdi Karbasian IMIDRO Chief Executive added: “After a landmark nuclear deal inked between Iran and six world’s major powers, Iran’s economy has experienced a considerable hike in the global level.”
It should be noted that contracts, valued at $40 billion, were inked in mines and metals sector in the wake of President Rouahni’s visit to Italy and France a couple of months ago. 
Turning to long years trade and business experience between Iran and Europe, Karbasian said: “Earlier imposition of sanctions, Europe has always been considered as Iran’s major trade partner and now, after lifting of sanctions imposed on Iran, we are after expanding our relations with EU member states significantly.”
With possessing large oil and gas reserves, Iran is seeking to increase capacity for exporting products to Europe as one of the main importers of energy, he said, adding: “This issue will increase energy security in Europe.” 
According to 6th Five-Year Socioeconomic and Cultural Development Plan, which started in March 2017, a multitude of opportunities will exist for European companies, banks, investors, financial institutions, contractors and suppliers.” 
It is worth mentioning that the Forum will create a suitable opportunity for exchanging information, networking and spread of working relations between officials and authorities of various industrial and trade sectors with the policymakers and also a golden opportunity for the annual gathering of senior trade and business officials committed to the economic development of the country, the report ended. 
Source: TEHRAN TIMES