According to the report of public relations of IMIDRO, Mehdi Karbasian added that with the grant of this loan, the organization will be able to attract up to $9 billion in private sector investment.
Karbasian believes the mining sector’s growth is closely tied to stimulating demand in the construction sector and boosting consumption of steel, aluminum, cement and iron ore.
The NDFI, Iran’s sovereign wealth fund, was created in the 2000s to save up oil revenues to develop Iran and invest overseas for future generations.
Source:Financial Tribune
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