Official: Russians Willing to Boost Investment in Iran

TEHRAN (FNA) – Russian investors have shown interest in joint ventures in Iran’s industrial and construction projects, a senior industry official said.

“Russian tradesmen are ready to make investment in industrial machinery, road building and railway sectors in Iran,” Head of the Russian Railway Association Yuri Bosin said in Hamedan city, Western Iran, on Thursday.

He pointed to Russia-Iran cooperation in the field of railway development and infrastructures, and said, “A memorandum of understanding (MoU) has been signed with an Iranian company on development of Iran’s railway network.”

Earlier this week, an Iranian official announced that the country plans to attract more domestic and foreign investors.

“Foreign investment would help us meet financial needs, transfer technology, increase tax revenue, boost exports and production and be able to create more jobs,” Head of Iran’s Organization for Investment and Economic and Technical Assistance Mohammad Khazayee said.

Khazayee said that supporting domestic investors is also important as they implement infrastructural and fundamental projects which are the significant advantages of a country to attract more international investment.

Iran, on many occasions, has underlined that it has paved the way for attracting more investments in its ports, free trade zones, and development projects.

Meantime, so many foreign countries and international companies have voiced their enthusiasm for investing in the country’s projects.

Over last several years, Iran and Russia have had vast cooperation in different fields, specially in political and economic spheres.

The two states also enjoy special positions on the international scene and have long had constant and regular consultations on key regional and global issues.

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