01 December 2011
Permissions for 7 foreign investments were issued during Oct. 23-Nov. 21, said director general of Bourse and Securities Organization for brokerage companies.
Mohammad Attaei said the investors are from different countries adding new applications have been received by the organization. He said that brokerage companies play very important role in attracting foreign investment, hoping that new strategies will be adopted to attract more investors to the Iran's capital market, IRNA reported.
Economy Minister Shamseddin Husseini said earlier that the government has allocated $5 billion in facilities for developing and supporting foreign investment. He said that the government has set up a board to remove redundant laws and regulations hindering the attraction of foreign and domestic investments.
The government supports the development of investments in the country, he pointed out.
In October, Husseini said Iran has attracted $3.7 billion in foreign investment in the Iranian year which ended on March 20.
"A national headquarters has been set up to support investors, and foreign investors will be also granted honorary Iranian citizenship," he added.
The minister also said that foreign investment in Iran grew by 124 percent in 2009 and 2010.
"President [Mahmoud Ahmadinejad] has set up a team to do away with bureaucracy in the investment sector," he added.
He noted a special investment award is also being considered this year to encourage further foreign investment. Husseini said Iran's National Development Fund's reserves stand at $24.4 billion and at least 20 percent of this amount will be allocated to promote foreign investment.
Permissions for 7 foreign investments were issued during Oct. 23-Nov. 21, said director general of Bourse and Securities Organization for brokerage companies.
Mohammad Attaei said the investors are from different countries adding new applications have been received by the organization. He said that brokerage companies play very important role in attracting foreign investment, hoping that new strategies will be adopted to attract more investors to the Iran's capital market, IRNA reported.
Economy Minister Shamseddin Husseini said earlier that the government has allocated $5 billion in facilities for developing and supporting foreign investment. He said that the government has set up a board to remove redundant laws and regulations hindering the attraction of foreign and domestic investments.
The government supports the development of investments in the country, he pointed out.
In October, Husseini said Iran has attracted $3.7 billion in foreign investment in the Iranian year which ended on March 20.
"A national headquarters has been set up to support investors, and foreign investors will be also granted honorary Iranian citizenship," he added.
The minister also said that foreign investment in Iran grew by 124 percent in 2009 and 2010.
"President [Mahmoud Ahmadinejad] has set up a team to do away with bureaucracy in the investment sector," he added.
He noted a special investment award is also being considered this year to encourage further foreign investment. Husseini said Iran's National Development Fund's reserves stand at $24.4 billion and at least 20 percent of this amount will be allocated to promote foreign investment.
© Iran Daily 2011
