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 There is no Problem for Private Sector Investment in Iran Minimize
Location: BlogsNews    
Posted by: EnAdmin 4/10/2006 11:15 AM
“Singaporean companies are interested in Joint Venture with Iranian parties, and at present and negotiating with the Iranian for 100 U.S m. dollars investments in Petrochemical Industries,” said Gupianet Pilay, Singaporean Ambassador to Tehran in a meeting with Engineer Khamoushi President of ICCIM. He added: for making Singaporean companies familiar with free Trade Zones in Iran, we held a seminar which Singaporean Companies showed their interests. We will also hold a seminar in the Petrochemical, Oil and Gas areas very soon.
Engineer Khamoushi President of ICCIM in this meeting also pointed out to the approval of major economic policies and the 5-year economic and social development program of Iran said: all the investment areas is free for private sector and the government does not interfere with it.
He added: the foreign companies also can invest in Iran up to 100%. The investment not only include all the industries but also are in the Oil, Gas, Heavy industries and Automobile, and the restoration of capital and interest is not forced with any problem.
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