Economy, Business And Markets

Private Sector Initiative to Help Attract Foreign Investments

Finance Desk
Private Sector Initiative to Help Attract Foreign InvestmentsPrivate Sector Initiative to Help Attract Foreign Investments

An entity established by Iran's private sector for attracting foreign investments mainly by identifying and introducing feasible projects has begun its work in earnest in recent months.
The Center of Investment and Consultancy Services (CIC) was established more than three years ago, but only started to produce tangible results in the final months of the last Iranian year that ended on March 20, 2018. It was conceived and founded by Tehran Chamber of Commerce, Industry, Mines and Agriculture (TCCIM), a leading private sector entity. 
"Over 2,000 pages of documents detailing feasibility studies have been gathered from various industries and provinces by the center and during initial reviews, dozens of projects have been processed based on the set criteria," CIC said in a written statement to Financial Tribune.
At present, the center's website has listed close to 150 projects approved across Iran in agriculture, infrastructure, oil and gas, mining, industry, health and tourism sectors, and is eying ventures related to renewable energies, water, insurance and stocks.


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