Foreign Companies Eager to Invest in Iran

Foreign Companies Eager to Invest in Iran

"Iran's economic organizations and institutions, including the country's stock market, are ready for development of mutual cooperation with the world economic institutions as they have also said that they are eager for the same," Tayyebnia said.

The Iranian economy minister reiterated that Iran has already prepared incentive packages for absorbing foreign investment in the free trade zones, including 20-year tax exemption.

"Visa removal and facilitation of foreign investors' presence in the free trade zones are other parts of the incentive package," Tayyebnia added.

In relevant remarks in September, Iranian energy economist said, the local oil industry has appealing features for foreigners who, considering the conditions in the wake of nuclear deal, have kept their hopes of investment in the Islamic Republic alive.

 “In the post-sanctions era, there are apt opportunities for Petroleum Ministry to materialize its oil industry development projects,” Mehran Amir-Moeini said.

According to the fellow researcher at the Tehran-based Institute for International Energy Studies (IIES), cooperation and interaction of the Petroleum Ministry and other responsible bodies cooperating with the ministry could facilitate attraction of foreign capital to the industry.

Saying that cost of construction of production units in the oil industry had been halved, the energy expert added that national determination was needed to launch new oil projects in the country with the investment of foreigners.

The negotiations' process with foreign investors, he suggested, has to be cut down to boost development projects.

Source:Fars