TEHRAN (ecoideal)- Deputy Economy Minister Mohammad Khazayee said that foreign investors are likely to make huge investments in Iran's development projects.
"A sum of $29-30 billion will be invested in Iran in the near future," Khazayee said on Tuesday, addressing the Islamic Banking Conference in Tehran.
The Iranian deputy economy minister said that the country has allocated 30 billion dollars for its economic growth.
"The negotiations leading to these contracts have been underway for a long time and the Central Bank of Iran has been meticulous about every single word mentioned in the contracts," Khazayee said.
The Iranian deputy economy minister also maintained that the 8-billion-dollar contract with Exim Bank of South Korea has already been signed.
"However signing these contracts doesn’t mean that our country will be in debt, but the country has signed a line of credit agreement with the Exim Bank of South Korea, an Austrian bank and the national banks of Italy," he said.
In a relevant development in early August, Chairman of the French-Iranian Trade Promotion Center (CPCFI) Mohsen Rashidi announced that a large number of French companies have shown interest in investment in Iran's economic development projects.
"French companies are eagerly looking for investment opportunities in the Iranian market, as the country today is in a position that can choose from amongst an array of trade offers," Rashidi said.
He reiterated that since the implementation of the nuclear agreement between Iran and the major world powers, known as the Joint Comprehensive Plan of Action (JCPOA), numerous French enterprises visited Iran.
"Under such circumstances, it is possible for Iran to establish effective relations with the world and take advantage of the available grounds to fully expand ties in every sector," Rashidi added.
"Before the nuclear deal, the French businessmen used to prefer Qatar to Iran," the chairman of the French-Iranian Trade Promotion Center added.
Iran and the six world powers (the US, Russia, China, France, Britain and Germany) signed the nuclear agreement in Vienna in July 2015, under which Iran accepted to curb its nuclear program in return for lifting the related sanctions.
In relevant remarks in late September, Iran's President Hassan Rouhani underlined the necessity for the European governments to provide their banks and insurance companies with guarantees for cooperation with Tehran, adding that the Iranian companies should also enjoy the benefits of the nuclear deal.
"The European leaders should provide banks and insurance companies with guarantees and assurance on financial cooperation (with Iran) and our nations and companies as well as the region should enjoy the benefits of the nuclear deal," Rouhani said in a meeting with Italian Prime Minister Matteo Renzi on the sidelines of the UN General Assembly meeting in New York.
Renzi, for his part, underscored that Rome seeks strengthening of all-out ties with Tehran, and said, "We are ready for any measure to bolster economic relations."
"On banking relations, the governmental Sace insurance company (Italian Export Credit Agency) is ready to provide the necessary assurances," he added.
Source: Farsnews