Rouhani: Invest at Home
Economy, Domestic Economy

Rouhani: Invest at Home

Iranian entrepreneurs, executives and investors at home or abroad are given priority over others when it comes to investment in different economic sectors of the country, said President Hassan Rouhani in a meeting with a group of Iranian economic elite in New York on Saturday.
“The government’s efforts are concentrated on improvement of business environment and exit from recession. To make investment unchallenging, rules and regulations are undergoing revisions as we speak,” Forsat-e Emrooz daily quoted him as saying.
“Today unique opportunities have opened up in the economic, scientific and industrial sectors of the country thanks to the conditions following the July 14 historic deal with world powers.”
The president added that there is no doubt the private sector would fare better on the economic front.
“Lack of competition in the economy is a recipe for monopoly, corruption and recession,” he said.
“Knowledge and facility transfer need to go hand in hand with investment in Iran on the way toward partnership and cooperation. Different sectors of energy, industry and transportation are set to receive investment and technology.”
Referring to the fact that Iran needs $150 billion a year in investment to achieve high economic growth, Rouhani said: “Every one of us is responsible for Iran’s advancement. The country belongs to all of us, and all Iranian expatriates are welcome to invest in their country.”

Short URL : https://goo.gl/UvG0I2
  1. https://goo.gl/r5iLo1
  • https://goo.gl/hpEodv
  • https://goo.gl/tBfFIO
  • https://goo.gl/QiFbq2
  • https://goo.gl/NAJ896

You can also read ...

Iran, India Reinforce Economic Ties With Chabahar Deal
The development of the strategic Chabahar Port is becoming a...
3rd Turkish Border Gate With Iran to Operate 24/7
Turkey is working to keep a third border gate with Iran open...
Iran’s Industrial Management Institute released on Sunday the...
Apple Releases New Bug Fix
Apple has released iOS 11.2.6, which includes a bug fix for...
The number of residential construction permits issued in...
MPs Weigh FATF’s Impending Decision
As the 700 delegates from 203 jurisdictions of the Financial...
About 933.18 million shares valued at $49.28 million changed hands at TSE on Feb. 19.
Tehran Stock Exchange’s main index lost 152.17 points or 0.15...