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    • A Golden Opportunity for European Companies to invest in Iran


      Tehran, July 27, IMIDRO – Our industrial strategic planning intends to put Iran among the emerging economies based on our natural resources, an educated young workforce, universities, research centers, domestic and regional markets. I recommend European companies to view this as a golden opportunity and initiate cooperation with Iran with a strategic, long-term perspective,” said minister of Industry, Mine and Trade, Mohammadreza Nematzadeh in an address to Vienna’s two day Iran-EU Economic Conference on Thursday.
      A Golden Opportunity for European Companies to invest in Iran

      The economy had a 6.7% growth in the industry sector and 9.8% in the mining sector in the last Iranian year (ended March 20), according to Nematzadeh.

      A 10-year strategy for industries, mining and trade has been drafted in recent months, which includes goals, policies and the priorities. It is mostly focused on oil, gas, machinery manufacturing and designing industries as well as mining particularly steel, copper, chromium, gold and silver.
      Addressing top officials and traders from Austria, France, the UK, Germany and other European countries, Nematzadeh said: “We believe that once the political turmoil of the region is resolved, it would need mega economic projects, so we invite you to tap the investment opportunities in the region.”

      'The rules and regulations associated with foreign investment and ownership in Iran have been reformed,' he noted.

      The conference was sponsored by the Austrian Federal Economic Chamber and Iran’s Trade Promotion Organization and joint chambers of commerce of Iran, France, Germany and Britain and held on July 23,24. (FT Daily)

      Source: IRNA
       

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