Iran welcomes foreign investment
Tehran, Aug 24 - Deputy Oil Minister Mohammad-Reza Nematzadeh said here Sunday that the Islamic Republic of Iran welcomes foreign and domestic investments.
To materialize the goal the country should try to make use of all its domestic and foreign potentials, he said.
Addressing a seminar on Iran's economic diplomacy, he said "We should prepare the grounds to increase investment opportunities in the country."
After paving the way for investments and reaching mass production, "We have to try to penetrate into existing saturated markets," he said.
Shares of Iran's petrochemical products on world markets stands at eight percent while the country's share in exports of the item stands at one percent, he said.
Some 50 contracts with various world trading companies have been signed to implement projects, he said.
"We have established a very close cooperation with insurance companies, European banks, non-European banks and we should appreciate the key role of foreign ministry in handling the cases," he concluded.
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